Hanson Lake Sands Corp (“HLSC”) is an emerging frac sand mining and logistical company based in Saskatoon, SK with assets in the Hanson Lake region of northern Saskatchewan. After securing the property and completing initial engineering and design on a new state of the art frac sand processing facility, the ownership group of HLSC was seeking an equity partner to assist with the company’s growth. HLSC was rebranded to Strongpine Energy Services Ltd. as part of this transaction.
Redcap&Truss acted as the exclusive financial advisor to HLSC’s shareholders and facilitated the recapitalization by:
- Working with ownership on refining the business plan and developing marketing materials that supported the growth platform of HLSC
- Providing HLSC’s shareholders with an analysis of the various proposals offered and making recommendations on the pros and cons of each
- Negotiating the final LOI (letter of intent) with the chosen strategic partner
“Patrick and Chris were valuable resources as we refined our business plan and sought out equity partners. We continue to lean on their expertise as we develop and grow our business” – Kyle Holmes, Strongpine Energy Services
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.