Petrowest Energy Services Trust, Calgary, (Toronto: PRW-UN) has closed its acquisition of five private road-construction, gravel-crushing and log-hauling businesses in Alberta and British Columbia for C$50.4 million in cash, C$33.5 million in trust units and C$10.3 million in assumed debt in a deal valued at C$94.2 million. The companies includes Grande Prairie, Alberta-based Cutbank Trucking Ltd. and Cutbank Transport Ltd., operated as one business, Worsley, Alberta-based Jim Moffatt Construction Ltd., in Fort St. John, British Columbia-based Quigley Contracting Ltd, Peace River, Alberta-based Rick's Mechanical Services Ltd. and Evansburg, Alberta-based Tri-Dave Gravel Sales Ltd. Petrowest also acquired the road-construction equipment of Woodland Cree Industries Ltd., a subsidiary of the Cadotte Lake, Alberta-based Woodland Cree First Nations tribe.
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