On September 13, 2005, Precision Drilling Corp. completed the sale of its subsidiary CEDA International Corp. to Ontario Municipal Employees Retirement System for a purchase price of approximately $274 million. The investment is being made through Borealis Investments Inc., an OMERS investment entity.
CEDA and it subsidiaries will continue to carry on its industrial services business through four operating units: industrial, mechanical, catalyst and electrical.
Precision was represented by Borden Ladner Gervais LLP in Calgary with a team led by Brian Roberts that included Steven Pearson, Lloyd McLellan and Melissa Smith (commercial and securities), Colin McDonald (competition), Stuart Blyth and Ryan Smith (real estate).
Borealis was represented by John Knowlton, vice-president legal services, and by external counsel Blake, Cassels & Graydon LLP in Calgary. The Blakes team was led by Mungo Hardwicke-Brown and included Chris Christopher, Sabeen Sheikh, Gloria Chao, Jason Husak and Monica Sharma (corporate and commercial), Ron Mar and Alexandra Poole (tax), Brian Thiessen, Caroline Helbronner and Jessica Bullock (employment and pensions), Garth Anderson (real estate) and Chris Hersh (competition).
CEDA and it subsidiaries will continue to carry on its industrial services business through four operating units: industrial, mechanical, catalyst and electrical.
Precision was represented by Borden Ladner Gervais LLP in Calgary with a team led by Brian Roberts that included Steven Pearson, Lloyd McLellan and Melissa Smith (commercial and securities), Colin McDonald (competition), Stuart Blyth and Ryan Smith (real estate).
Borealis was represented by John Knowlton, vice-president legal services, and by external counsel Blake, Cassels & Graydon LLP in Calgary. The Blakes team was led by Mungo Hardwicke-Brown and included Chris Christopher, Sabeen Sheikh, Gloria Chao, Jason Husak and Monica Sharma (corporate and commercial), Ron Mar and Alexandra Poole (tax), Brian Thiessen, Caroline Helbronner and Jessica Bullock (employment and pensions), Garth Anderson (real estate) and Chris Hersh (competition).
