CALGARY, Oct. 10, 2018 /BOEReport.com/ – 24/7 Compression Ltd. (“24/7” or the “Company”) and Belair Power & Production Equipment Inc. are pleased to announce the successful merger between the two companies.
“We are very excited to combine the two entities and continue on our growth path,” added President Rob Byzitter. “With the ongoing recovery in the WCSB, improved global energy prices and large scale LNG projects in Canada moving forward, this merger prepares us to offer our existing and future clientele cost effective solutions to their natural gas compression and power generation equipment needs.”
24/7 Compression will continue to offer natural gas compression equipment field service, parts, overhaul and retro-fit out of four locations in Western Canada including Red Deer, Edson, Grande Prairie and Dawson Creek, BC; and will now also provide clients with maintenance and field service options on the new natural gas compression equipment and existing power generation packaged equipment.
Power generation packaging will continue under “Belair Power & Production Equipment Inc.”, as will the design, engineering and production of new Natural Gas Compression Equipment Packaging.
“This merger will drive an effective and efficient expansion of our production capacity and capabilities in response to client needs,”commented Dean Bettenson, VP of Fabrication. “In addition to our industry leading power generation packages, we are eager to grow our offerings with innovative gas gathering and sales compression as well as for application specific opportunities such as EOR, gas lift, injection, and transmission.”
Synergies achieved with the merger include expanded product and service offerings to existing and new clients of both entities – this includes Canadian and international clientele in the USA and South East Asia. Other benefits include: improved supply chain capabilities, expanded in-house engineering capabilities, and the growth of applications and project management services. An expansion of facilities already underway with a new 14,000 sq./ft facility in Grande Prairie opening this month (October 2018), and -while operations continue out of existing venues – a planned purpose-built production and service facility slated for Red Deer, AB in the near future.
About 24/7 Compression Ltd.
24/7 Compression is a parts & equipment supplier built on exceptional service and commitment to our clients and is your local source for Natural Gas Compression expertise, equipment, parts and service. With locations in Red Deer, Grande Prairie, Dawson Creek, Edson and Jakarta, Indonesia we are able to respond quickly to the needs of our industry clientele.
About Belair Power & Production Equipment Inc.
Belair Power fabricates high spec custom Natural Gas, Diesel and Propane Power Generator Packages. Focusing on providing power generation packages to Western Canada’s Oil and Gas Production Facilities. Through in-house design, fabrication and assembly our product is custom to your production needs.
SOURCE 24/7 Compression Ltd.