About MVT


MVT is a privately held company that operates in the fluid hauling industry. With over 28 years of operating history, MVT provides hauling of production fluids to pipeline or storage depots, completion fluids to disposal sites, and heated water, drilling and fracturing fluids to well sites within Central Alberta. MVT has its own water well and is strategically located near disposal wells allowing the Company to obtain contracts with oil companies wishing to reduce transportation costs. The Company is headquartered in Eckville, Alberta.

www.medicinevalley.ca

Investment Overview


  • Through is presence in Alberta, Westward identified an opportunity in the conventional production oilfield market near Eckville
  • The demand for MVT's products and services far outstrips supply in Central Alberta
  • Provided liquidity to existing ownership, allowed new President to buy-in to the ownership of the business, and put in place a strategy to grow revenue and further diversify the Company's customer base

Outcome


  • Closed in September 2012
  • President, Jesse Eliuk, continues to lead the Company and has a significant stake in the business
  • Pursing multiple add-on acquisitions to expand geographic reach