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ENTERPRISE GROUP PROVIDES UPDATE FOLLOWING ASSET SALE

August 23, 2016 - St. Albert, AB – Enterprise Group, Inc. (“Enterprise,” or “the Company”) [TSX:E] is pleased to provide an update on its business following the sale of substantially all of the assets of its utility construction business unit, T.C. Backhoe & Directional Drilling (“TCB”). The Company completed this transaction on July 7, 2016.

Gross proceeds from this transaction were approximately $20.3 million, subject to post-closing adjustments, including payment of $3.4 million of working capital. ...

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ENTERPRISE GROUP COMPLETES SALE OF THE ASSETS OF T.C. BACKHOE & DIRECTIONAL DRILLING

July 7, 2016 - St. Albert, AB – Enterprise Group, Inc. (“Enterprise,” or “the Company”) [TSX:E] is pleased to announce that, further to the Company’s news release dated June 13, 2016, Enterprise has closed the transaction to divest substantially all of the assets of                T.C. Backhoe & Directional Drilling Ltd. (“TCB”) to TC Infrastructure Services Ltd., a wholly owned subsidiary of Quanta Services, Inc.

 

Gross cash proceeds from this transaction will be approximately $20.0 million, subject...

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ENTERPRISE GROUP ANNOUNCES AGREEMENT TO DIVEST OF T.C. BACKHOE & DIRECTIONAL DRILLING

June 13, 2016 - St. Albert, AB – Enterprise Group, Inc. (“Enterprise,” or “the Company”) [TSX:E] is pleased to announce that it has entered into a binding asset purchase agreement (the “Agreement”) to divest the assets of its utility construction business unit, T.C. Backhoe & Directional Drilling (“TCB”). The assets will be acquired by TC Infrastructure Services Ltd., a wholly owned subsidiary of Quanta Services, Inc. (“Quanta”).

 

Gross cash proceeds from this transaction will be approximately...

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