Alberta Welltest Incinerators Ltd.

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Bema Panels

Company’s incinerators virtually eliminate the carbon emission footprint from vented gas

About the company

Provides industry-leading incineration technology that is dedicated to reducing the environmental impact of oil and gas-related completion/ flowback flaring.

Location: Whitecourt, Alberta

Industry: Services of oil and gas extraction

Entrepreneur challenge

The client was looking for financing to support the purchase of the business and its U.S. subsidiary from the founders. Boasting Canadian-developed technology, it was important that the company remain Canadian-owned.

BDC expertise

BDC’s Growth & Transition Capital experts were able to find a financing solution that supported the successful exit for the selling shareholders, while allowing the company to stay Canadian-owned. BDC Capital was the sole external creditor for the purchase and provided a mix of amortizing equipment financing and patient capital for goodwill financing.

Proven results

  • Achieved a smooth transition of ownership
  • Allowed company to maintain Canadian owned status
  • Now in the hands of a strong entrepreneur with a history of success in building oil & gas companies
  • Poised to further expand its international foothold as an environmentally innovative company

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