High Arctic acquires Powerstroke Well Control for $9.4M

High Arctic Energy Services acquired all shares of Powerstroke Well Control Ltd for $9.4 million, adding eight hydraulic workover units and a new build service rig, expanding into the United States and becoming the largest snubbing operator in Canada.

“We are very pleased we could form a business combination consisting of Powerstroke and High Arctic, as both companies have a reputation of providing very high-quality service to its clients.”haes.ca

• 1 source
• haes.caHigh Arctic Announces Acquisition of Powerstroke and Expansion into the United States – High Arctic Energy ServicesJay WilcoxAug 20, 2018

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