Fort Capital Partners is pleased to announce the closing of the sale of Petroleum Processors Inc. (PPI) to RJ Oil Inc.
PPI was formed in 2010 to establish and grow a waste management business servicing the oil and gas industry in northwestern Alberta. In August 2012, the company acquired what became the Doris 7-2-63-5W5 oilfield Waste Management Facility located 75 km southeast of Swan Hills, AB.
PPI retained Fort Capital to explore strategic alternatives. Fort Capital solicited potential strategic interest and advised on the structuring, negotiating and closing of the transaction.
Petroleum Processors Inc. is a private company focused on providing waste management services to the oil and gas sector in Western Canada. PPI currently operates a waste disposal facility near Swan Hills, AB.
RJ Oil Inc. is a privately owned Alberta company in operation since 1998. RJ Oil has focused its primary efforts on the research and development of innovative technologies for enhanced oil recovery from waste streams. Its current efforts are in the oil and gas industry, though it is anticipated that the patented technology will have far-reaching applications in all industrial sectors that must deal with oily water or slurry situations.
Fort Capital Inc. is an investment bank that works with public and private companies in Canada. The firm draws from collective capital markets experience to provide its clients with proven, accessible and independent investment banking advice and transaction execution. For more information, visit fortcapital.ca.