ARC's Lifting Solutions acquires oilfield rod service assets
Lifting Solutions Inc, an Edmonton-based oilfield services company, has acquired all the Canadian continuous rod service assets of an unidentified multinational operating in the same sector. No financial terms were disclosed. Lifting Solutions, which specializes in artificial lift and production solutions, said the deal increases its fleet size to 320 pieces of equipment, with service units capable of pulling and running continuous rod now standing at 47. It also doubles the company's headcount. Founded in 2014, Lifting Solutions is backed by Canadian energy private equity firm ARC Financial Corp.
6 April 2018•3 mins read
