Norweld Stress (1994) Ltd.

A Confidential Buyer has acquired Norweld Stress (1994) Ltd.

Industry:

Oilfield Services

A Confidential Buyer has acquired Norweld Stress (1994) Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Norweld Stress in structuring and negotiating this transaction.

Transaction Brief

This transaction has allowed the shareholders of Norweld Stress to implement their succession strategy while ensuring the continued growth and success of their business.

Norweld Stress provides industrial metal stress relief and heat-treating services to Western Canada’s oil and gas, pulp and paper and mining industries. The company's head office is located in Fort St. John, B.C., with a secondary operating location in Grande Prairie, Alberta.