On June 2, 2017, Trican Well Service Ltd. (“Trican”) and Canyon Services Group Inc. (“Canyon”) completed the previously announced acquisition of Canyon by Trican pursuant to a plan of arrangement for approximately $627 million and an assumption of approximately $38 million of net debt.
Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.
Canyon provides hydraulic fracturing and other well-stimulation services to oil and natural gas producers developing play types across Western Canada. The combination of the two companies creates a Western Canadian leading energy services firm in Canadian pressure pumping and related services.
Canyon’s legal team included Jeremy Matthies, General Counsel. Canyon was represented by Burnet, Duckworth & Palmer LLP, with a team that included Grant MacKenzie, Alyson Goldman, Bronwyn Inkster, Paul Mereau and Riley O’Brien (securities), Kirk Lamb (tax), Sunil Joneja (banking), Alicia Quesnel and Randon Slaney (regulatory), Jeffrey Sharpe (litigation) and Bob Graham (employment).
Trican’s legal team included Dr. Chika Onwuekwe, Vice President, Legal, General Counsel and Corporate Secretary. Trican was represented by Blake, Cassels & Graydon LLP, with a team that included Olga Kary, Shlomi Feiner, Ross Bentley, Chelsea Hunter and Kathleen Cloutier (securities), Carrie Aiken (tax), Jason Gudofsky and Cassandra Brown (regulatory), David Tupper (litigation), Warren Nishimura and Maria-Rose Spronk (banking) and Birch Miller (employment).