November 5, 2013
TORONTO - Signal Hill Equity Partners ("Signal Hill") announced today that it has, along with the management team, made an investment in OEL Projects Limited ("OEL" or the "Company") to facilitate future growth of the Company. OEL is a full service oil and gas engineering firm specializing in upstream processing facilities and pipeline systems.
"OEL has built a strong team and business reputation over the past four decades" said James C. Johnson, Managing Partner, Signal Hill. "We are thrilled to be joining an impressive management team and we are excited to work with them to achieve the Company’s growth plans."
"We are very pleased to have Signal Hill join the OEL team and we look forward to utilizing the operational, transaction and financial knowledge of its team. Their expertise will help drive our strategic plan and accelerate its execution" added Jim O’Rouke, President and CEO of OEL.
Based in Calgary, Alberta, OEL is a mid-size Engineering, Procurement, Construction and Management company that manages projects of varied scope and size from inception to completion, primarily with exploration and production companies in Alberta, British Columbia and Saskatchewan. The Company started in 1971 with five employees and has grown to a team with over 85 employees and contractors.
About Signal Hill Equity Partners
Signal Hill is a Canadian-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 100 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
James C. Johnson