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Accede acquires Wizard Valve Services Ltd.

October 2012 Press Release

Accede Energy Services Ltd. is pleased to announce its recent share and cash agreement with Wizard Valve Services Ltd. This new partnership will expand Accede’s product offerings, increasing its range and scope of services in the oil and gas industry.

Wizard Valve Services, operated by Dave and Cheryl Meierhofer, has been independently serving the oil and gas industry for over twenty years. While Wizard currently specializes in valve products and repairs, this new venture is paving the way for both companies to enter into additional markets such as instrumentation and electrical services. “Dave and Cheryl have really built a reputation for excellence. We’re proud to bring them into the Accede family, and promote their future growth and expansion as well as our own,” said Gord Fritz, President and CEO of Accede Energy Services.

Accede operates on the principle that companies and organizations offering synergistic capabilities can work in tandem to promote and facilitate strategic growth, and seeks to govern such enterprises through shareholder arrangements. “Employees who own a stake in their company have a strong sense of ownership that benefits everyone, from their clients and co-workers, to the other shareholders and investors,” Fritz explains. “We believe there’s immense value in this structure for everyone involved.”

Accede Energy Services is operated by an experienced management team. Accede seeks to acquire and build partnerships with companies offering a variety of oil and gas services across North America.