Source Energy Services Acquires Sand Trucking Assets from RWR Trucking Inc.
March 13, 2024
Source Energy Services Ltd. (TSX:SHLE) acquired RWR Trucking Inc.'s sand trucking assets, including a fleet of 27 tractors and 52 trailers, in a transaction comprised of cash, a vendor take back note, and assumed lease obligations. The deal brings key RWR drivers, dispatchers and support personnel into Source to strengthen its Last Mile Logistics capabilities and support frac sand distribution to oil and gas customers.
- Buyers
- Source Energy Services Ltd.
- Targets
- RWR Trucking Inc.
- Sellers
- RWR Trucking Inc.
- Industry
- Logistics & Distribution
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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