ARC Financial makes equity investment in Wayfinder Corp
Calgary-based oil and gas company Wayfinder Corp has secured an undisclosed equity investment from ARC Financial Corp, a Canadian energy private equity firm. Founded in June 2015, Wayfinder is focused on servicing the oil and gas industry in Western Canada with solutions that improve productivity and bring down the cost of hydraulic fracturing treatments. It said the funds raised will support the construction and commissioning of a resin-coating plant and transload facility. ARC is investing in Wayfinder via ARC Energy Fund 8, which raised $1.5 billion last year. The firm's other recent deals include its take-private transaction with Boulder Energy Ltd, closed in April.
8 June 2016•3 mins read
