# 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.

- Type: Acquisition
- Announced: 2018-08-20
- Where: Grand Prairie, Alberta, Canada
- Value: $9.40M
- Status: completed
- Products: snubbing units, well service rigs, hydraulic workover units
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [High Arctic Energy Services](https://endata.com/companies/33839.md) (acquirer)
- [Powerstroke Well Control](https://endata.com/companies/33840.md) (target)

## Sources

- [haes.ca](https://haes.ca/high-arctic-announces-acquisition-powerstroke-expansion-united-states/), 2018-08-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.