Entrec has completed the acquisition of Capstan Hauling, a heavy haul transportation provider that serves the oil and natural gas industry in northwest Alberta and northeast British Columbia.
Entrec signed a letter of intent to acquire Grande Prairie, Alberta-based Capstan in August, as HLPFI reported here.
As part of the deal, Entrec has merged its Grande Prairie oilfield transportation division with Capstan and will operate the combined business under the Capstan brand.
The shareholders of Capstan have also retained a large ownership interest in the combined business post-acquisition, while the existing Capstan management will lead the combined business going forward.
