PE-Backed Logan Launches Strategic Review, Seeks Buyers
The board of directors of Calgary-based Logan International Inc., a manufacturer of down-hole fishing and intervention tools for the oil and gas industry, has undertaken a strategic review process, which will include seeking proposals from potential buyers. The decision was taken when directors concluded that the company's common shares trade "at a substantial discount to the inherent value" of its businesses and underlying assets. Logan has been a portfolio company of U.S. private equity firm Cadent Energy Partners since 2006.
28 May 2013•3 mins read
