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Bregal Partners-backed Aqua Terra continues Canadian buying streak

Aqua Terra Water Management LP, a portfolio investment of U.S. private equity firm Bregal Partners, has acquired Integrity Custom Processing Inc, a water management company based in Fort St. John, British Columbia, and assets from Calgary’s Kasten Energy Inc, which owns a salt water disposal facility in Alberta. The financial terms of the deals were not published. In January, Aqua Terra also bought Ceiba Energy Services Inc and Phyllis Disposal Ltd. All of the acquisitions were made by Four Winds Energy Services Ltd, a Grande Prairie, Alberta-based operator of water disposal facilities and a subsidiary of Aqua Terra since 2013.

PRESS RELEASE

Aqua Terra Water Management Announces Recent Acquisitions

Acquisitions bolster Aqua Terra’s presence in the Montney shale and the heavy oil corridor in Canada

Jul 29, 2014

NEW YORK–(BUSINESS WIRE)–

Four Winds Energy Services Ltd, a wholly owned subsidiary of Aqua Terra Water Management, L.P. (“Aqua Terra” or the “Company”), has announced the acquisitions of Integrity Custom Processing, Inc. and selected assets from Kasten Energy, Inc. Terms of the acquisitions were not disclosed.

Integrity Custom Processing, Inc. has a long operating history of serving the water management needs of British Columbia Montney producers and the acquisition provides Four Winds an entry into the British Columbia disposal market.

“The partnership with Four Winds and Bregal Partners will allow for the immediate construction of our fully permitted Dawson Creek facility and capacity additions at our existing Ft. St. John facility” said Randy Wolsey, President of Integrity Custom Processing, Inc. Randy Wolsey assumed the role of Chief Operating Officer of Four Winds Energy Services, Ltd upon consummation of the transaction.

“Our partnership with Integrity allows Four Winds to better serve our existing customers in the Montney and complements our existing Gordondale facility and our planned expansion at Gold Creek” said Tom Johnston, President of Four Winds Energy Services, Ltd. Tom Johnston continued by saying “We are excited to be adding an executive with such operating expertise and long standing customer relationships to the management team.”

Four Winds also recently acquired a fully permitted salt water disposal facility from Kasten Energy, Inc. near Lloydminster, Alberta. Following the acquisition, Four Winds invested in substantial infrastructure to upgrade the capabilities of the facility.

“The addition of Kasten’s facility combined with Four Winds existing presence near Hilmond, Saskatchewan allows the Company to serve heavy oil producers operating in both Alberta and Saskatchewan” added Tom Johnston.

Canaccord Genuity served as the financial advisor to Aqua Terra, and Stikeman Elliott LLP served as the legal advisor on both acquisitions.

About Aqua Terra Water Management , L.P.

Aqua Terra Water Management, L.P. is an independent merchant operator of salt water disposal facilities. Its current network of Class 1b and Class II facilities serves customers throughout the Canadian provinces of Alberta, Saskatchewan, and British Columbia. Aqua Terra is actively seeking greenfield development opportunities and acquisitions in both the U.S. and Canada.

About Bregal Partners

Bregal Partners is a private investment firm that invests alongside management teams to build industry leading companies in the middle market. Areas of focus include energy services, consumer, food and retail, and healthcare. With $500 million of committed capital funded by a sixth-generation family foundation with roots back to 1841, Bregal Partners brings experience, stability, and a long-term outlook to all of its investment activities. Bregal Partners is part of Bregal Investments, a global family of private equity and fund investment vehicles that has invested more than $9 billion since 2002. For more information on Bregal Partners, please visit www.bregalpartners.com.

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BackBay Communications
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doug.allen@backbaycommunications.com

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