Entrec Corporation has completed the acquisition of HighMark Crane to increase its heavy-haul and heavy-lift service portfolio.
The deal implies a value of $4.25m, which was funded through a combination of cash and equity.
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"After the acquisition, HALO will hold a 49% interest in Vermeer."
HighMark offers crane lease and operator services to Canada’s energy industry.
Hague and London Oil (HALO) has entered agreements with a group of private capitalists to dispose its 51% interest in Vermeer Exploration. The deal is worth $0.5m.
Vermeer is a stakeholder of three Western Sahara licences and also owns a 44% stake in Northpet Investments.
After the acquisition, HALO will hold a 49% interest in Vermeer.
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