Enterprise Group, Inc. Announces $9.1 Million Equipment Supply and Service Agreement
January 08, 2018 at 01:50 pm
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Enterprise Group, Inc. announced that it has secured a one-year rental equipment supply and services agreement valued at CAD 9.1 million. Throughout 2017, Enterprise has experienced a meaningful increase in activity from its existing customers coupled with a substantial surge in new customers which has resulted in increased market share for its business units. Management's efforts to streamline and maximize efficiencies have translated into improved margins, positive cash-flow quarter after quarter and a return to profitability in third quarter of 2017.
Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.