SECURE has announced the acquisition of PetroLama for $53.5 mm. PetroLama specializes in the physical trade, storage, terminalling and transport of crude oil and NGLs. This transaction is expected to generate EBITDAS in the range of $8 mm to $9 mm over the next 12 months, indicating an EV/EBITDAS valuation range of 5.9x to 6.7x.
03 May 2016
Announces Midstream Acquisition and 1Q16 Results
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Announces Midstream Acquisition and 1Q16 Results
Secure Energy Services Inc. (SES:TSE) | 0 0 (-1.3%) | Mkt Cap: 1,294m
- Published:
03 May 2016 -
Author:
Ian B. Gillies -
Pages:
10
SECURE has announced the acquisition of PetroLama for $53.5 mm. PetroLama specializes in the physical trade, storage, terminalling and transport of crude oil and NGLs. This transaction is expected to generate EBITDAS in the range of $8 mm to $9 mm over the next 12 months, indicating an EV/EBITDAS valuation range of 5.9x to 6.7x.