PE-Backed Logan Closes Sup-R-Jar Acquisition

Calgary-based Logan International Inc., a manufacturer of down-hole fishing and intervention tools for the oil and gas industry, has completed its acquisition of the Sup-R-Jar drilling equipment business of Smith International Inc. The entire purchase, which was funded by the company's revolving credit facility, totaled US$17.2 million. Logan is a portfolio company of U.S. private equity firm Cadent Energy Partners.

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