BlackWatch Energy Services Trust, Calgary, (Toronto: BWT.UN) has acquired Elite Oilfield Rentals, Valleyview, Alberta for a combination of cash, stock and assumed debt valued at approximately C$10.2 million. Elite provides oilfield equipment leasing and rental services and has an inventory of storage tanks, flare tanks, rig mats and various support equipment to service its customer base in the Valleyview/Grande Prairie region of Alberta.
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