TriWest Capital-backed Source Energy Services files to go public
Source Energy Services Ltd, a Calgary proppant sourcing and oilfield logistics company, has filed with most Canadian securities commissions for an initial public offering of its common shares. The IPO, which has not yet been priced, will run concurrently with a secondary offering by Canadian private equity firm TriWest Capital Partners, the company's backer since 2013, and other shareholders. Source Energy, which operates from locations across Western Canada and in United States, may seek a $1 billion valuation in a listing, Bloomberg recently reported. Last week, STEP Energy Services Ltd, an oilfield service provider backed by ARC Financial Corp, also filed to go public.
14 February 2017•3 mins read
