Alberta Welltest Incinerators Ltd.
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
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’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.
- 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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