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    Aqua Terra updates on recent acquisitions

    Four Winds Energy Services Ltd

    Four Winds Energy Services Ltd, a wholly owned subsidiary of Aqua Terra Water Management LP, has reported the acquisitions of Integrity Custom Processing Inc. and selected assets from Kasten Energy Inc. Terms of the acquisitions were not disclosed.

    Integrity Custom Processing has a long operating history of serving the water management needs of British Columbia Montney producers, and the acquisition provides Four Winds an entry into the British Columbia disposal market.

    “The partnership with Four Winds and Bregal Partners will allow for the immediate construction of our fully permitted Dawson Creek facility and capacity additions at our existing Ft. St. John facility,” said Randy Wolsey, president of Integrity Custom Processing. Wolsey assumed the role of COO of Four Winds Energy Services Ltd upon consummation of the transaction.

    “Our partnership with Integrity allows Four Winds to better serve our existing customers in the Montney and complements our existing Gordondale facility and our planned expansion at Gold Creek,” said Tom Johnston, president of Four Winds Energy Services.

    Four Winds also recently acquired a fully permitted salt water disposal facility from Kasten Energy Inc. near Lloydminster, Alberta, Canada. Following the acquisition, Four Winds invested in substantial infrastructure to upgrade the capabilities of the facility.

    “The addition of Kasten’s facility combined with Four Winds existing presence near Hilmond, Saskatchewan, allows the company to serve heavy oil producers operating in both Alberta and Saskatchewan,” Johnston added.

    Canaccord Genuity served as the financial advisor to Aqua Terra, and Stikeman Elliott LLP served as the legal advisor on both acquisitions.

     

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