PE-backed Aveda to buy Oklahoma's Hodges Trucking
The U.S. operating subsidiary of Aveda Transportation and Energy Services Inc (TSXV: AVE) has agreed to purchase Hodges Trucking Co, an operator and owner of rig moving and heavy haul equipment based in Oklahoma City, Oklahoma. The acquisition, the value of which was not released, is expected to close in June. The seller in the transaction is Seventy Seven Energy Inc, a U.S. wellsite services and equipment business. Based in Calgary, Aveda is a provider of oilfield hauling services and equipment rentals. The company’s largest shareholder is Canadian private equity firm Werklund Capital, which invested in 2010.
25 May 2015•6 mins read
