ARC Financial invests in launch of Sanjel Energy Services
Sanjel Energy Services Inc has been launched with an equity investment from ARC Financial Corp, a Canadian energy private equity firm. No financial terms were disclosed. Based in Calgary, Sanjel is a supplier of cementing and acidizing solutions to the oil and gas industry. It was formed as a result of ARC's acquisition of certain assets of Sanjel Corp in April. Douglas Freel, a managing director of ARC, said the investment will support the new company as it weathers the current downturn, and provide it financial flexibility to expand as opportunities arise. In June, PE Hub Canada featured a story about ARC's investments in Longshore Resources and Wayfinder.
27 September 2016•3 mins read
