Fraction Energy Services: Investor & Strategic Advisor
Fraction Energy Services was initially funded in April, 2013 around a proven management team with a goal to creating a private, full-service, water management company within the Canadian energy industry. By combining a strategic equity raise around an initial acquisition, the Company was able to build a platform for growth. Revenues and EBITDA grew quickly to an estimated $70 million and $24 million in 2014, respectively. In June, 2014, Canyon Services Group Inc. offered to purchase the company in an all-stock transaction, valued at $102 million. KES 7 Capital Inc. was an investor and acted as strategic advisor to Fraction.
Canyon Services Group Inc. Announces Agreement to Acquire Fraction Energy Services Ltd.