Petro Service Ltd. intends to purchase K.W. Petroleum Services Ltd., Petro Service announced.
The transaction is expected to close by July 31 after all sale conditions have been met.
“We are excited to announce our third acquisition in Western Canada,” said Kevin Hocquard, vice president and general manager of Petro Service Ltd. “K.W. Petroleum Services Ltd. and Petro Service Ltd. are strong companies with long histories of providing consistent, high-quality service.
"The addition of K.W. Petroleum Services Ltd. to our acquisitions of J.A. Robinson Pump Service Ltd. in 2017 and Edmonton Pump Service in 2019 solidifies our position in Western Canada. We welcome all the new employees to our team and look forward to offering our combined strengths to our customers.”
In operation since 1985, Petro Service Ltd. provides service, distribution, installation and construction in the petroleum and fluid handling industry. Headquartered in Saint John, New Brunswick, the company employs more than 100 people throughout Canada.
K.W. Petroleum Services Ltd. was established in 1982. The late Rick Duval purchased the company in 1993. Chris McMurtry and Terry Lightbody became partners in 1995 and took full ownership in 2015 upon Duval's death. The Saskatoon-based company, with a branch in Regina, specializes in the construction, installation and maintenance of petroleum equipment throughout Western Canada.