​CEDA takes another step into Montney with acquisition of Breakthrough Oilfield Services

Maintenance and construction contractor CEDA has taken another step towards Montney opportunities with the acquisition of a second oilfield company in Dawson Creek.

The Calgary-based company announced Thursday it has purchased Breakthrough Oilfield Services, an industrial field outfit delivering services related to the production and processing of oil and natural gas liquids including pressure trucks, hot oilers, fluid haulers, tank trucks, hydro vacuum and combination vacuum units.

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Breakthrough owner Derek Loomis and the company’s workforce will be joining CEDA, which is a portfolio company of OMERS, the pension plan for municipal employees in the Province of Ontario.

In November 2017, CEDA entered the Dawson Creek market with the acquisition of Joe Loomis Trucking, which operates hydro vacuum and combination vacuum units.

The acquisition of Breakthrough ”strategically aligns with our vision for continued growth and expands our presence in this region,” CEDA CEO Kevin Fleury said in a statement. 

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