Description of Transaction
Sequeira Partners was engaged to assist Roughrider through a sales process which would allow the shareholders to monetize their investment in the Company and help the business through its next phase of growth. The Sequeira team provided advisory assistance throughout the transaction including providing an initial valuation, identifying value added prospective purchasers, marketing the business, managing the due diligence process and negotiating transaction terms.
The acquisition of Roughrider by MMG is one of only a very few transactions whereby an Indigenous community has acquired one of its partner companies. The transaction allowed our client to monetize their investment in the business while increasing MMG’s essential services to the oil sands.
Headquartered in Fort McMurray, Roughrider International specializes in services and a diversity of available equipment for heavy and light industry needs and creates highly customized energy solutions from managing, distributing, and storing diesel and lubricants, to providing off-road vacuum truck services, sales, lease, and rental of specialized off-road equipment, including turn-key managed services in the oil sands region of Northern Alberta.
McKay Métis Group Ltd
McKay Métis Group Ltd. (MMG) is a social enterprise owned by the Fort McKay Métis Nation (FMMN). MMG boasts a very diverse group of businesses providing support to the oil sands. The Company specializes in services such as cranes, security, tree clearing, infrastructure services, PPE supply, chemicals, fuel and lube, road maintenance and snow removal, site amenities and more. The Company’s earnings provide Fort McKay Métis Nation members access to affordable housing, education, elders & youth services, economic development, and infrastructure.