Enterprise Group, Inc. (TSX - E)is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company’s focus is primarily construction services and specialized equipment rental. The Company’s strategy is to acquire complementary service companies in Western Canada, consolidating capital, management and human resources to support continued growth. Enterprise became a Western Canadian leader in flameless heat technology in September 2012 with its acquisition of Artic Therm International Ltd., a leader in underground infrastructure construction in June 2013 with the acquisition of Calgary Tunnelling& Horizontal Augering Ltd., and a leader in oilfield service rentals in January 2014 with the acquisition of Hart Oilfield Rentals Ltd.

News Releases

Mar 31, 2014

ST. ALBERT, ALBERTA–(Marketwired – March 31, 2014) - Enterprise Group, Inc. (“Enterprise,” or “the Company”) (TSX:E) is pleased to announce its financial results for the year ended December 31, 2013. Revenue of $34.8 million, an increase of $16.3 million when compared to prior year, primarily due to strong contributions from the Company’s Utilities/Infrastructure Division.
EBITDAS of $10.0 million, an increase of $5.6 million when compared to prior year.
Earnings per share of $0.08, an increase of $0.04 when compared to prior year.

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Hart Oilfield Rentals- Hart is a full service ‘one-stop’ oilfield site infrastructure provider to Tier One E&P clients
Calgary Tunnelling is a specialized contractor in the trenchless tunnelling and horizontal augering field. Our core business is in utility lines, pipelines, irrigation lines, road and rail crossings.
T.C Backhoe & Directional Drilling LP is an industry leader in utility and pipeline construction working throughout Alberta.
Artic Therm provides an efficient Flameless Heat and Green Air technology for multiple applications using portable equipment to remote locations for extreme climate challenges.
E One Limited – Equipment Rentals serves the heavy equipment needs of construction, road building, oilfield, pipeline, and maintenance companies across Western Canada.

Looking Forward Statement

Since our inception Enterprise Group has maintained a strong vision to be the largest construction services and specialized equipment rental organization in Western Canada. With development activity in the energy services and civil construction sector expected to increase as the economy strengthens, the Enterprise Group is poised for further growth. Higher demand for energy and utilities coupled with increasing commodity prices, will allow producers and utility providers to reinvest into Infrastructure. Enterprise will have the opportunity to implement its aggressive growth strategy by acquiring ‘best-in-class’ businesses.