Sequeira Partners acted as advisor to Bonnett’s Energy Corp. in its sale to BEC Acquisition Ltd., an entity controlled by Mill City Capital, L.P.
Description of Transaction
In business for over forty years, Bonnett’s Energy Corp. is a recognized leader in wireline, production and testing, oilfield rental, fishing and pipe recovery services. Bonnett’s services its clients through multiple locations in the Western Canada Sedimentary Basin.
Sequeira Partners was engaged as an advisor to Bonnett’s and provided the fairness opinion in the transaction. The total transaction value was approximately CDN$115 million, including the assumption of net debt, liabilities and other obligations.