Rockwater Energy Solutions, Inc. signed an asset purchase agreement to acquire substantially all assets of Poseidon Concepts Corp. for CAD 51.4 million.
Ernst &Young Orenda Corporate Finance Inc. acted as the financial advisor to Poseidon Concepts Corp. Howard A. Gorman of Norton Rose Canada LLP acted as legal counsel to Poseidon Concepts Corp. Dentons Canada LLP acted as counsel to Poseidon's secured lenders. Borden Ladner Gervais LLP and Chip Johnston, Aimee Halfyard, Andrew Beamer, Gianfranco Matrangolo and Andrew Wong, Susan Hutton, Paul Beaudry, Douglas Richardson and Ryan Sheahan of Stikeman Elliott LLP and Vinson & Elkins LLP acted as legal counsel and Peters & Co. acted as financial advisor to Rockwater Energy Solutions, Inc. Brent R. Cohen and Chad Caby of Bennett Jones LLP and Kenneth T. Lenz of Rothgerber Johnson & Lyons LLP acted as legal advisors to PricewaterhouseCoopers, the court appointed monitor.