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Stormont Energy Advisors Corp. is pleased to announce the following successful transaction in the Oil and Gas Infrastructure market segment.

Stormont Energy Advisors has been very active in the Oil and Gas Infrastructure market segment, advising clients on strategic alternatives, performing valuations, and concluding two sell-side transactions.

 

 

In April 2013, all of the outstanding shares of Pipeworx Ltd. were acquired by PLH Canada, Inc., a subsidiary of the PLH Group.

 

Pipeworx is a leading Western Canadian pipeline and facility construction company with its head office located just outside of Edmonton.

 

Stormont acted as the exclusive financial advisor to the company and its shareholders performing the following:

 

  • Identified suitable target buyers
  • Managed the process with multiple counter-parties
  • Negotiated commercial terms
  • Managed due dilligence
  • Closed the sale of the company

 

Dallas, Texas based PLH Group is a growing provider of infrastructure services to the energy industry and is a portfolio company of private equity fund, Energy Capital Partners of San Diego, California.

 

This transaction provided the Pipeworx shareholders with a liquidity event as well as a growth-oriented partner to support the company’s ambitions to further expand operations. With this acquisition, PLH gains a significant foothold in the Canadian energy infrastructure market as well as a network for its other lines of business into Canada.


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