Green Energy Services (GES) President Ken Wagner called Aureus’ assets “highly complementary” to GES’ in the announcement of the deal. (Source: Aureus Energy Services)
TerraVest Industries Inc., through its partially-owned subsidiary Green Energy Services (GES) Inc., is acquiring western Canadian assets from Aureus Energy Services Inc., TerraVest announced Dec. 3.
Green Energy is buying Aureus’ water management and hot oiling services in Grande Prairie, Alberta, and Fort St. John, British Columbia; Aureus will maintain its U.S. water management and water recycling services in Texas and New Mexico’s Permian and Delaware basins.
Green Energy Services President Ken Wagner called Aureus’ assets “highly complementary” to GES’ in the announcement of the deal.
A transaction price was not disclosed, but the deal will be financed through existing cash and credit facilities, TerraVest said. The deal is expected to close on or around Jan. 1, 2025.
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