Mullen Group Fund Acquires Producers Oilfield Services

On June 1, 2006, Mullen Group Income Fund completed its plan of arrangement, which involved the acquisition of Producers Oilfield Services Inc. and the spin-out of Horizon North Logistics Inc. resulting in total market capital of Mullen in the approximate amount of $2.3 billion.
Mullen is an open-ended income fund that indirectly owns a network of independently operated businesses and is a leading supplier of trucking and logistics services in Canada and the largest provider of specialized transportation and related services to the oil and natural gas industry in Western Canada.
Horizon is a marine transportation, camp/catering and logistics services company that provides support services to oil and gas exploration and production companies, oil field services companies and mining companies on oil sand projects throughout Canada's northern regions.
Mullen was represented by in-house counsel, Carolyn Wright; by corporate and securities counsel Burnet, Duckworth & Palmer LLP with a team that included Grant Zawalsky, Jeff Oke and Scott Kearl (securities), Alicia Quesnel (corporate and competition) and Jeff Sharpe (litigation); and by tax counsel Felesky Flynn LLP with a team that included Brent Perry, Q.C., Siobhan Goguen and Kim Lynch (tax).
Producers and Horizon were represented by Borden Ladner Gervais LLP with a team that included Brian Roberts, Dan Kolibar and Robert Kopstein (tax), Anthony Rasoulis, Angie Redecopp and David Madsen (court application) and Colin MacDonald (competition).