Integrated Asset Management Corp. (“IAM”) (TSX:IAM) is pleased to announce the closing on September 27, 2018 of a $23,000,000 senior term loan to Wolverine Management Services Inc. (“Wolverine”). This financing represents IAM’s fourth transaction with Wolverine, following the initial loan in July 2016, a second loan in June 2017 and a third loan earlier in 2018. The capital will be used to fund the acquisition of three distinct oil and gas service businesses with significant assets and a diverse client base in Northern Alberta, British Columbia and the North Western USA.
Wolverine provides services for oil and gas companies, and ensures optimal operations for upstream, midstream and downstream customers. Core services include equipment rentals, well site services, construction, seismic, trucking and logistics. This latest acquisition will help Wolverine expand its customer base and service offerings into the water management, transportation and well site safety sectors
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