Calgary-area Sage Energy Corporation and NGC Compression Solutions merged their businesses, effective immediately, to form NEXT Compression Corp. The company makes natural gas compression equipment and is led by CEO Shane Guiltner.
Platinum Equity completed its acquisition of Husky Injection Molding Systems, based in Bolton, Ontario, from Berkshire Partners and OMERS Private Equity for $3.85 billion, announced on 29 March 2018.
SNC-Lavalin, in consortium with TechnipFMC, was awarded a lump sum EPC contract by NOVA Chemicals for two gas cracking furnaces at its Corunna cracker in Canada. The award supports a third phase expanding the unit's ethylene capacity by more than 50%.
Siemens won a contract to supply a turbo-compressor train, including an RFBB36 pipeline compressor driven by an SGT-A35 gas turbine, for TransCanada's Winchell Lake Compressor Station as part of the NGTL pipeline expansion in Alberta. Commissioning is planned for the fourth quarter of 2019.
Canadian rotating equipment services company Blackstone Industrial Services has closed its acquisition of Nuovo Parts Inc., a North American distributor of Nuovo Pignone and GE spare parts, based in Surrey, B.C. The deal was announced on January 26, 2018.
Canadian compressor services company Ironline Compression acquired Calgary-based Protech Compression Services in January 2018, with backing from private equity partner Staple Street Capital. Protech provides engine and compressor overhaul services in Alberta.
OMERS and Berkshire agreed to sell Husky to Platinum Equity for $3.85 billion. Husky makes injection molding systems.
All-Pro Services Ltd. was awarded contract FP802-170133 to replace the duplex water-cooled compressor at a West Vancouver work site with a new air-cooled duplex compressor and air receiver. The contract value is CAD 159,733 and completion is expected by March 31, 2018.
Kruger committed C$377.6 million to diversify its Brompton and Wayagamack mills in Quebec into specialty papers; Investissement Québec takes a 37.5% equity stake and provides loans, creating Kruger Specialty Papers Holding L.P.
Toromont Industries agreed to buy privately held Hewitt Group, operator of 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador West and Ontario, for about C$1.02 billion in cash and shares, expected to close by mid-October.
The Government of Canada, through the Build in Canada Innovation Program, awarded Burlington, Ontario-based Thordon Bearings a CAD 339,000 contract for its SeaThigor Marine Mechanical Face Seal, which is being tested by Fisheries and Oceans Canada and the Canadian Coast Guard.