Redcap&Truss acted as exclusive financial advisor to Utility Infrastructure Group (“UIG” or the “Company”) on the purchase of Precise Crossings Ltd. (“Precise”).
UIG is a Canadian based company focused on the construction and design of utility and infrastructure assets.
Precise, based in Spruce Grove, is a leading provider of directional drilling services to the oilfield and utility sector.
Redcap&Truss acted as the exclusive financial advisor to UIG and facilitated a transaction by:
- Analyzing target’s financial statements, asset list and its service offering (both historical and future) and developing an initial estimate of value – process ultimately identified Precise as an attractive target
- Quarterbacking all due diligence and documentation communications required between Precise’s advisors, accountants and lawyers and UIG’s advisors
- Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Precise
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