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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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Enterprise Group Announces Results for the First Quarter of 2016

May 12, 2016 - St. Albert, AB – Enterprise Group, Inc. (“Enterprise,” or “the Company”) (TSX:E) is pleased to announce its financial results for the three month period ended March 31, 2016 (the “first quarter”).

 

 

Consolidated:

Three months ended
March 31, 2016

Three months ended
March 31, 2015

Change

Revenue

$11,436,212

$20,195,634

($8,759,422)

Gross margin

$2,835,053

$5,618,557

($2,783,504)

Gross margin %

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