PE-backed Bri-Chem acquires Solution Blend Service
Bri-Chem Corp (TSX: BRY) has acquired Solution Blend Service Ltd, a Calgary-based specialty blending company focused on the oilfield chemical industry. The purchase price was $5 million, which includes a $500,000 two-year vendor takeback. Bri-Chem, a wholesale distributor and blender of oilfield chemicals, said the deal facilitates its entry into the liquid production and stimulation chemical blending market. Based in Edmonton, the company is a portfolio investment of Canadian mid-market private equity firm Fulcrum Capital Partners.
2 December 2014•3 mins read
