Private equity arm of Brookfield acquires additional common shares in CWC Energy Services

June 03
14:58 2016

The private equity group of Brookfield Asset Management has acquired additional common shares in CWC Energy Services Corp, a Calgary-based provider of well services to oil and natural gas exploration and production companies in Western Canada. Brookfield, which has invested in CWC since 2007, paid close to $12 million for the shares, increasing its stake from about 70 per cent to about 73 per cent. As reported by PE Hub Canada, Brookfield this week closed its fourth mid-market private equity fund at its hard-cap target of US$4 billion.

Read the Press Release

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