PFM Capital Recent Investment – Aureus Energy Services
May 25th, 2018
Aureus Energy Services Inc. – $3.8 million – New Investment – Growth Capital
Aureus Energy Services Inc. provides water management, heating and hot oil services to oil & natural gas companies operating in Alberta and British Columbia. The Company was founded in 2011 and is headquartered in Calgary with its main operating facility in Grande Prairie, Alberta.
In May, PFM participated in a $21.5 million equity raise which was used to purchase additional equipment and increase balance sheet liquidity. Despite the downturn in the energy market, the Company has grown significantly over the last several years as they successfully capitalized on the growing demand for water management services. PFM’s investment will help the Company continue to grow and expand to new markets.
Through its affiliation with the fund managers PFM Fund Operations, PFM Venture Capital, Prairie Ventures GP, TopSoil Farm Land Management, and TopSoil Farm Land Management (II), and doing business as PFM Capital ("PFM Capital" or "PFM"), PFM is a leading private equity investment firm in Saskatchewan. Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993. This website does not represent an offering of securities. The information disclosed is incomplete and can be qualified in its entirety by each fund's most recent offering document or limited partnership agreement, obtainable free of charge by contacting PFM Capital Inc. The securities described herein are only available to eligible investors in Canada in accordance with applicable securities laws.