Macro Enterprises Strengthens Pipeline Sector

January 2013, Vol. 240 No. 1

Macro Enterprises Inc.’s wholly owned subsidiaries will acquire the business owned and operated by North American Pipeline Inc. and North American Fleet Co. Ltd. of constructing, installing, maintaining, testing and repairing of oil and gas pipelines and facilities in western Canada along with other assets including pipeline construction machinery and equipment.

In addition, the purchasers will take an assignment of a master services agreement with a major pipeline company to test and maintain certain aspects of its pipeline network. The purchase price is $16.25 million.