About Target Rentals
Target Rentals is a 100% Canadian-owned oilfield rentals company located in Grande Prairie, Alberta servicing Western Canada. The company offers a complete line of equipment rental and support services in both the drilling and completions sectors. Target Rentals provides a cost saving advantage for fluid storage, its Dual Containment Fluid Storage Tank. Target Rentals' Dual Containment Fluid Storage Tank's primary purpose is to store oil based drilling fluids on well sites during drilling operations. In June 2013, Target Rentals was acquired by Secure Energy Services. The valuation of Target Rentals was $39.8 million. Other terms of the deal were not released.
Latest Target Rentals News
Jul 3, 2013
. CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX:SES) and its wholly owned subsidiary Marquis Alliance Energy Group Inc. ("Marquis Alliance"), announced today that they have completed the previously announced acquisition of all of the issued and outstanding shares of Target Rentals Ltd. ("Target") for an aggregate purchase price of $39.8 million. The purchase price, after closing adjustments, was paid with $21.0 million in cash and the issuance of 1,367,047 common shares of Secure valued at $13.70 per share. Secure is a TSX publicly traded energy services company that focuses on providing specialized services to upstream oil and natural gas companies. The Corporation operates three divisions: Processing, Recovery and Disposal Division: Operating under the trade name Secure Energy Services, the processing, recovery and disposal services division focuses on clean oil terminalling, custom treating of crude oil, crude oil marketing, produced and waste water disposal, oilfield waste processing, landfill disposal and oil purchase/resale service. Drilling Services Division: Operating under the name Marquis Alliance Energy Group Inc., and its wholly owned subsidiaries and operating under the trade name XL Fluids Systems Inc. ("XL Fluids") and under the trade name Imperial Drilling Fluids Engineering Inc. ("IDF"), the drilling services division focuses on drilling fluid systems, solids control, equipment rental service, drilling waste management and environmental services. The drilling fluids service line includes the design and implementation of drilling fluid systems for producers drilling for oil, bitumen and natural gas. On Site Division: Operating under the name Frontline Integrated Services Ltd., the on site division offers fully integrated services supporting the energy, resource, pipeline and civil construction industries in Western Canada. The division offers a full spectrum of services that include the full life cycle of pipeline and facility operations, waste management, asset management and recovery as well as civil, remediation and reclamation earthworks. Contact Information
Target Rentals Frequently Asked Questions (FAQ)
Where is Target Rentals's headquarters?
Target Rentals's headquarters is located at P.O. Box 25013 Cobblestone, Grand Prairie.
What is Target Rentals's latest funding round?
Target Rentals's latest funding round is Acquired.
Who are the investors of Target Rentals?
Investors of Target Rentals include Secure Energy Services.