SECURE Energy to acquire Tervita for $380m.

SECURE Energy, an energy services company that focuses on providing specialized services to upstream oil and natural gas companies, agreed to acquire Tervita, a provider of waste management and environmental services, for $380m. The combined company will have an implied total enterprise value of approximately $1.8bn. "We are pleased to announce the combination of these two great companies, resulting in the creation of a larger scale midstream infrastructure and environmental solutions business. Together, our highly talented teams will be better positioned to serve our customers, optimize existing infrastructure assets and operations and to drive greater discretionary free cash flow to the bottom line. We look forward to working with the Tervita Board of Directors and team, and we are excited about the value creation opportunities of this Transaction for all stakeholders," Rene Amirault, SECURE Chairman, President, and CEO.