Description of Transaction
Sequeira Partners was engaged to assist Echo in identifying the best strategic fit to allow the shareholders to monetize their investment in the Company. The Sequeira team provided advisory assistance throughout the transaction including providing an initial valuation; identifying value added strategic parties; negotiating preliminary deal terms, structure, and consideration; managing the due diligence process; and negotiating final transaction terms.
The transaction provides Echo with a strategic partner to assist and facilitate future growth for the Company.
Echo
Founded in 2003, Echo is a full-service inspection and integrity provider operating in the oil and gas, petrochemical, fertilizer, pulp and paper and municipal industries throughout Western Canada. The Company is focused on providing innovative solutions to facility maintenance and turnarounds, pipeline integrity and pipeline/facility construction customers.
Rockwood Service Corporation
Rockwood Service Corporation is a holding company that focuses on investments in the engineering, inspection and rope access enabled industrial services in North America and the U.K.
