Sale of Grande Prairie Transload Facility to Badger Mining Corporation
- Date Announced: October 18, 2016
- Date Closed: September 30, 2016
- Client Name: Di-Corp Sand Transloading LP
Asset sale of Di-Corp Properties Inc. and Di-Corp Sand Transloading LP's industrial silica transload facility located in Grande Prairie, Alberta. Di-Corp Properties Inc. and Di-Corp Sand Transloading LP are part of the Di-Corp group of companies, a leading manufacturer and distributor of specialty chemicals, parts and accessories serving the energy, mining and drilling industries.
The transload facility was acquired by BMC Northern Resources Inc., a wholly owned subsidiary of Badger Mining Corporation. Badger Mining Corporation is a privately held industrial silica sand supplier with operations throughout North America serving primarily the oil and gas production and metals casting industry.
In connection with the transaction, the parties negotiated and entered into additional agreements relating to the expansion of the transload facility site and the operation of the transload facility. In connection therewith, construction management and operational management services will be provided by Di-Corp.