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Announced

Completed

Frank Miles completed the acquisition of Macro Enterprises for CAD142.6 m.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium46%
One Off Charge-

Tags

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oil pipelines

maintenance services

Canada

Domestic

Acquisition

Completed

Single Bidder

gas pipelines

Oil Equipment and Services

Majority

Friendly

Public

Privatisation

Synopsis

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Frank Miles, Macro President and CEO, completed the acquisition of Macro Enterprises, a pipeline and facilities construction and maintenance services to companies in the oil and gas industry provider, for CAD143m. Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern British Columbia and northwestern Alberta. The Company's corporate office is in Fort St. John, British Columbia.

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