Redcap&Truss acted as the financial advisor to the shareholders of Liberty Energy Services Inc. (“Liberty”) on the sale of its business to Wolverine Energy and Infrastructure Inc. (“Wolverine”)
Liberty, founded in 2006 by Brad and Sommer Westman, was a leading provider of equipment rentals as well as water management, heating and transfer services in the greater Edson area.
Wolverine is a fast growing and acquisitive consolidator of oilfield service companies across North America.
This transaction is the culmination of over 10 years of hard work by the Liberty team. Liberty’s partnership with Wolverine will enable Liberty to expand its service offering into new markets while offering additional services to existing clients.
“Redcap&Truss was instrumental in advising us through the sales process. They helped through each step of the process, advising us on market timing, deal structuring and ultimately finding a strong cultural fit for our company.” Brad Westman, President, Liberty Energy Services Inc.
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.