Strad Energy Services完成戰略性收購

Strad Energy Services Ltd. (TSX:SDY) is pleased to announce the successful completion of its strategic acquisition of Redneck Oilfield Services Ltd. and Raptor Oilfield Services Ltd. following overwhelming shareholder approval at a special meeting of Strad shareholders this morning. The details of this transaction were previously announced in a press release on July 13, 2016.

Strad’s Chief Executive Officer, Andy Pernal, noted, ‘We are very excited about the Redneck and Raptor teams joining Strad. As companies, we share the same values around striving to exceed customer expectations. We are stronger together and now operate one of the newest, largest and most diverse fleets of rental equipment in the Deep Basin.’

In connection with the completion of the Acquisition, the Company is pleased to announce the appointment of Mr. Lyle Wood to Strad’s Board of Directors. Mr. Wood is the founder and former President of Redneck and Strad is pleased to have him join the Board as well as the Strad management team. The Company also announces effective today, that Mr. James McCallum is resigning from Strad’s Board of Directors to pursue new career opportunities.