Intervale-backed Antelope Oil Tool acquires Edmonton's CTE Industries
CTE Industries Ltd, an Edmonton, Alberta-based manufacturer and supplier of oilfield cementation equipment, has been bought by Antelope Oil Tool & Manufacturing Co LLC. The financial details of the transaction were not published. With headquarters in Mineral Wells, Texas, Antelope is a manufacturer of oilfield casing and cementing products. The company said the acquisition of CTE will extend its geographic presence into Canada and expand its customer base. Antelope is a portfolio investment of energy-focused U.S. private equity firm Intervale Capital. Intervale acquired the business in June 2013.
3 April 2014•3 mins read
