IAM's private debt group funds Wolverine buy with $19 mln loan
IAM Private Debt Group has provided a $19 million loan to Wolverine Group Inc, an Edmonton-based supplier of equipment rentals, well site services, construction, seismic, trucking, logistics and other services to the oil and gas industry. The loan financed Wolverine's recent acquisition of HD Energy Rentals Ltd and Bearing Oilfield Services Ltd. IAM Private Debt Group, a corporate division of Toronto-based Integrated Asset Management Corp (TSX: IAM), raised $672 million in the final close of its fifth fund last November.
15 September 2016•2 mins read
