Meridian
News Release, November 30, 2008
Calgary, Alberta
There are economic pressures in Western Canada, but Calgary based Meridian Canada continues to grow its sphere of influence by signing two clients in the past month who are set to grow their business with significant international plays; an engineering company serving the pipeline industry requiring financing for a large contract in Mexico, and an oil field manufacturer and service provider expanding into Europe.“Successful Western Canadian companies, particularly in the oil and gas sector, have learned from previous downturns not to put all their eggs in the domestic basket,” commented Meridian Vice-President and Managing Director of Corporate Finance Scott Larson.
Declining to name the companies involved, citing confidentiality issues, Larson added, “We have a team at Meridian that has significant experience in undertaking international merchant banking mandates and advising Canadian entities on overseas expansion, and we are delighted to be helping two fine companies insulate themselves from the vagaries of our current economy by going where the business and opportunities currently are.”
In both cases Meridian is providing or arranging financing as well as advising. Meridian President and CEO Keith Turner continues to believe, and prove, that Western Canada has not closed its cheque book completely. “Interestingly enough, it is likely that most of the capital will in these instances be coming from Western Canadian investors. The Meridian Effect – the right people, the right capital at the right time – that still works for us and our clients even in an economic crisis,” added Turner.
Certain of the principals and associates of Meridian have in their careers closed over 200 deals involving a purchase or sale of business (mergers and acquisitions) as well as financing many hundreds of other types of transactions. If your company has annual revenues of at least $5 million and you see a capital event, acquisition or sale, or management buy-out on the horizon, contact Meridian Canada via Randy Lennon, Managing Director, at (403) 538 2130 or email randy@meridiancanada.com.
For more information visit www.meridiancanada.com
Or contact Randy Lennon at 403-538-2130