Calendar year 2018 is off to a great start for our team with three transactions closed in recent weeks. In Alberta, we represented Noralta Lodge on the sale to Civeo (NYSE:CVEO) and Cervus Equipment (TSX:CERV) on the sale of their Construction Dealership Group to Calmont Group. In B.C., we represented ES3 Insurance Services Ltd. on its sale to HUB International. While the number of transactions in the overall market this past quarter is down, we’ve observed more interest over the quarter from parties pursuing transactions. Time will tell if that materializes into closed deals.
Within the oilfield and industrial industry segments, Q1 2018 saw 76 disclosed transactions with either a Canadian target or buyer. Of the 76 transactions, only 14 (18%) were in the oilfield services sector – a decrease of 9 transactions over the previous quarter.