Secure Energy Services Inc. (TO: SES) entered into an agreement to acquire all of the assets of Calgary, Alberta-based Predator Midstream Ltd. for about $107 million.

Predator owns and operates three existing transloading rail terminals in Alberta at Mannville, Alliance and High Prairie. Predator transloads crude oil from truck to rail and has a current fleet of 275 rail cars. Its management team is led by CEO and founder Joel MacLeod who, along with his management and operational team, will continue to operate the day-to-day business.

The purchase price for the acquisition is being paid with $65 million in cash and the balance of $42 million through issuance of common shares of Secure. Closing is expected on Aug. 15.

The acquisition is expected to contribute an additional $5 million to $7 million to Secure’s EBITDA for the rest of 2014. The expected 2015 annualized run rate EBITDA is expected to be in the range of $17 million to $20 million, reflecting utilization of assets put into operation during 2014.