Keane Group to Acquire the U.S. Assets of Trican Well Service Ltd.

1 year ago 4 1672

Houston, Texas (January, 26, 2016) –Keane Group, a privately-held U.S. based well completion services company, has agreed to acquire the majority of Canada-based Trican Well Service Ltd.’s (TSX: TCW) U.S. assets for total consideration of U.S. $247 million, comprised of U.S. $200 million in cash plus a minority interest stake in Keane Group. With the acquisition, Keane will triple its frac capacity, acquire access to proprietary technology, add applied engineering capabilities and further expand the Company’s service offerings and geographic reach in the U.S.

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