About DLM


Created by long-time Alberta oilfield entrepreneurs Dave Petry and Doug Sashuk, DLM Oilfield Enterprises provides cold production oilfield services to Canada's leading energy companies including Devon, CNRL, and Cenovus, among others. DLM employs over 100 people and maintains a fleet of more than 40 Flushby, Vacuum, Pressure, and Bodyjob trucks along with drivers and operators for these assets to maintain and service existing cold production oilfields. The Company is headquartered in Bonnyville, Alberta and has been in business for more than 10 years.

www.dlmoilfield.com

Investment Overview


  • Through is presence in NE Alberta, Westward identified an opportunity in the cold production oilfield market near Bonnyville
  • The demand for DLM's services far outstrips the supply of equipment and operators in Alberta
  • Provided partial liquidity to existing ownership and put in place a strategy to grow revenue and further diversify the Company's customer base

Outcome


  • Closed in April 2012
  • Experienced oilfield services executive, Bob Duval, leads the Company with a significant stake in the business
  • Pursing multiple add-on acquisitions to expand geographic reach and diversify customer base