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ENTERPRISE GROUP ANNOUNCES LETTER OF INTENT TO DIVEST THE BUSINESS OF CALGARY TUNNELLING & HORIZONTAL AUGERING

March 6, 2018 - St. Albert, Alberta – Enterprise Group, Inc. (TSX:E) (the “Company” or “Enterprise”) is pleased to announce that it has entered into a non-binding letter of intent for the sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering (“CTHA”), to a private arm’s length purchaser.

Pursuant to the terms of the letter of intent, Enterprise proposes to sell all of the assets relating to the business carried...

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ENTERPRISE GROUP ANNOUNCES RESULTS FOR THE FOURTH QUARTER OF 2017

February 7, 2018 - St. Albert, AB – Enterprise Group, Inc. (“Enterprise,” or “the Company”) [TSX: E], a consolidator of services to the energy sector focused primarily on construction services and specialized equipment rental, today released its Q4 2017 and FY2017 results. (Table below).

Key investment metrics evidencing ongoing growth:

  • Q4 2017 revenue $10.7m versus Q4 2016 at $8.3m
  • EBITDA Q4 2017 $2.56m versus Q4 2016 $1.87m
  • Net Income Q4 2017 $1.1m versus Q4 2016 loss ($9.9m)
  • EPS Q4 2017 $0.02...

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ENTERPRISE GROUP ANNOUNCES $9.1 MILLION EQUIPMENT SUPPLY AND SERVICES AGREEMENT

 

January 8, 2018 - St. Albert, AB – Enterprise Group, Inc. (“Enterprise,” or “the Company”) [TSX: E], a consolidator of services to the energy sector today announced that it has secured a one-year rental equipment supply and services agreement valued at C$9.1 million with one of Canada’s largest energy producers focused on growing its strong portfolio of diverse resource plays.

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