Edmonton-based 4-Way Equipment Rentals, is also owned by CERF (Canadian Equipment Rental Fund.)
Edmonton-based 4-Way Equipment Rentals, is also owned by CERF (Canadian Equipment Rental Fund.)
Edmonton-based 4-Way Equipment Rentals, is also owned by CERF (Canadian Equipment Rental Fund.)
Edmonton-based 4-Way Equipment Rentals, is also owned by CERF (Canadian Equipment Rental Fund.)
Edmonton-based 4-Way Equipment Rentals, is also owned by CERF (Canadian Equipment Rental Fund.)

Alberta’s CERF Acquires Zedcor Oilfield Rental

Feb. 10, 2016
Canada’s CERF Inc. has acquired Zedcor Oilfield Rentals for about CDN $21 million, creating one of the largest oilfield rental providers in Western Canada.

Canada’s CERF Inc. has acquired Zedcor Oilfield Rentals for about CDN $21 million, creating one of the largest oilfield rental providers in Western Canada. CERF also owns 4-Way Equipment Rentals and TRAC Energy Service, which also rents to oilfield customers.

     Zedcor is a private oilfield equipment rental company based in Acheson, Alberta, with field offices in Fort St. John, B.C.; Grande Prairie, Alberta; and a corporate office in Calgary, Alberta. Since 2011, Zedcor has assembled one of the leading oilfield rental fleets in the industry and has developed a known brand of service.

     Zedcor’s young fleet of rental assets include wellsite accommodations, light towers, tanks, bins, generators, rig mats and other ancillary equipment. CERF management estimates Zedcor’s fleet to have an average age of about three years and gross asset value of approximately $45 million.

     TRAC Energy Services, which is a wholly owned subsidiary of CERF, will be merged with Zedcor and the combined entity will operate as Zedcor Energy Services.

     CERF continues to focus its efforts on three core business lines: construction rentals, oilfield rentals, and waste and environmental services.

     “Zedcor has assembled one of the highest quality oilfield rental fleets in Canada with a strong operations team that consistently achieves industry leading utilization rates,” said Austin Fraser, CERF president. “Through this challenging commodity price environment, CERF remains focused on protecting its balance sheet through this leverage-neutral transaction, while continuing to explore strategic acquisitions.”

     PillarFour Capital is exclusive financial advisor to CERF with respect to the transaction.

    4-Way Equipment Rentals, based in Edmonton, Alberta, is No. 75 on the RER 100.