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BRIEF-Mullen Group acquires Envolve Energy

Published 2017-03-31, 08:39 a/m
© Reuters.  BRIEF-Mullen Group acquires Envolve Energy
MTL
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March 31 (Reuters) - Mullen Group Ltd MTL.TO

* Mullen Group Ltd. announces the acquisition of Envolve Energy Services Corp. A well disposal business situated in the montney resource play

* Mullen Group Ltd - expect Envolve 1 will generate annual revenue of $8.0 million, a roce of about 25.0 percent and be immediately accretive to Mullen Group

* Mullen Group Ltd - will use balance sheet to fund additional facilities, built under new build strategy Source text for Eikon: ID:nCCNc3glTV Further company coverage: MTL.TO

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