“We look forward to the added value these acquisitions will bring. By offering jacking and skidding services, additional haulage vehicles and a modern fleet of heavy-duty platform trailers, we will be able to offer a one-stop solution for existing and new ones Customers in these complementary industries, “said Scott LaPrairie, President and CEO of the LAPRAIRIE Group of Companies. “These additions allow us to have a total cargo and an oversized place Alberta-Manufactured oil and gas system modules that significantly increase transport effectiveness in the oil and gas sector in Western Canada. “
For over 25 years, ENTREC has been providing Canadians with safe, innovative crane and specialty transportation solutions who routinely work with overweight and oversized cargo in the fields of oil sands, liquefied natural gas (“LNG”), conventional oil and gas as well as mining, petrochemicals, pulp and paper, infrastructure, Refinery and power generation. Capstan was acquired by ENTREC Corporation in 2018 and has been providing heavy-duty oil and gas transportation and picker truck services to the extractive industry in for over 18 years Alberta and British Columbia.
As part of the acquisitions, LAPRAIRIE is pleased to welcome over 65 experienced drivers and continuity by keeping the existing on-site management team. Both companies will continue to operate as separate units under the LAPRAIRIE group of companies, with a common focus on improving their service footprint Great prairie and Fort McMurray.
background
ENTREC Corporation is a provider of heavy-duty transportation and jacking solutions for the oil and natural gas, construction, petrochemical, mining and power generation industries. in the October 2018ENTREC Corporation acquired Capstan Hauling, an oil field truck and picker company, and merged it with their company Great prairie Division.
The LAPRAIRIE Group of Companies is a Western Canada-based full-service crane and rigging, highway and bridge maintenance, frac sand mining and distribution company Canada and the northeast USA – through its various subsidiaries.
On May 15, 2020, ENTREC Corporation, the parent company of Capstan Hauling and ENTREC Alberta Ltd., applied for protection under Canada Companies’ Creditors Arrangement Act (CCAA). ENTREC was looking for buyers or investors for its businesses through a restructuring process that was monitored by court. As a result, the LAPRAIRIE Group of Companies acquired certain assets from ENTREC Alberta Ltd. together with the operational company name Capstan Hauling – with the aim of continuing operations and improving their services and reach in both areas Fort McMurray and Great prairie.
Neither ENTREC Alberta Ltd. Capstan Hauling had operational disruptions during the CCAA or acquisition process.
About the LAPRAIRIE group of companies
Founded in 1982 as a one-crane, two-man operation in Tumbler Ridge, BCThe LAPRAIRIE Group of Companies has grown into a company with more than 600 employees providing full service cranes and rigging, maintenance of highways and bridges, mining and distribution of fracsand. The 100% Canadian family business serves the Canadian and northeastern US market through its various subsidiaries, including LAPRAIRIE Crane, LAPRAIRE Haul, LAPRAIRIE Works, LAPRAIRIE Oilfield, LAPRAIRIE Rock and Canadian Silica.
To learn more, please visit www.laprairiegroup.com.
SOURCE LAPRAIRIE group of companies
For more information: Media contact: Jerry Nasr, Risk Communication, PR and Social Communication Manager, [email protected]416,585,2090
