STEEL RIVER GROUP ANNOUNCES EQUITY POSITION IN BACKWOODS ENERGY SERVICES

Calgary, Alberta, Release: (December 17, 2017) – STEEL RIVER GROUP, a privately held Indigenous  business that offers a diverse range of operational construction and management support services, is pleased to announce it has acquired a 30% equity position in Backwoods Energy Services for an undisclosed consideration.

 

Established in 1986 and 70% owned by the Alexis Nakota Sioux Nation, Backwoods Energy Services provides pipeline integrity and construction, civil construction, forestry, matting and security services to the energy, forestry and utility sectors in Western Canada. It has experienced tremendous growth while remaining focused on its core mission of “driving economic opportunity by empowering Indigenous people and communities”

 

“The acquisition by Steel River Group immediately elevates us with unsurpassed operations expertise and leadership and forges a mission aligned partnership that provides a powerful and sustainable platform for continued expansion while simultaneously elevating quality, execution, and controls”.

– Paul Poscente, CEO & Chairman Backwoods Energy Services

 

As part of the equity investment, Steel River Group has an operating agreement to provide management and execution expertise to Backwoods, throughout their suite of construction services.  Steel River Group has integrated select positions throughout Backwoods construction services to help support building out processes, systems and overall capacity.

 

“Steel River was born out of a deep belief that there has never been a better time to reimagine how an Indigenous business defines and captures value for our people & alliance partners. We are extremely proud of alliance with Alexis Nakota Sioux Nation of Treaty 6, our common vision, mission and values will ensure we create a lasting relationship built on trust, mutual respect, collaboration and accountability.

Industry and Indigenous communities both play a critical role in the future of Canada’s natural resources and economic development. By connecting Indigenous communities with opportunities in the natural resources sector, Steel River Group is forging a better, stronger, and more prosperous path forward.”

-Trent Fequet, President & CEO, Steel River Group of Companies

 

For more information please visit our website at www.steelrivergroup.com or  contact Kelsy Kading at info@steelrivergroup.com or 403-930-0387.