Corrpro Canada is headquartered in Calgary, Alberta and is a recognized leader in cathodic protection products and services that are vital to maintaining the integrity of critical infrastructure within oil & gas, power, marine and various other industries.
NEWS RELEASE | May 22, 2024
PillarFour Capital Partners (“PillarFour”), an energy-focused private investment fund, is pleased to announce the acquisition of Corrpro Canada, Inc. (“Corrpro Canada” or the “Company”).
Corrpro Canada is headquartered in Calgary, Alberta with five additional field offices across Canada. The Company is a recognized leader in cathodic protection products and services that are vital to maintaining the integrity of critical infrastructure within oil & gas, power, marine and various other industries. Throughout its long history, Corrpro Canada has been a reliable partner for its customers and has continued to invest in technology that address increasing regulatory requirements in the asset integrity space.
“We are pleased to be partnering with an experienced management team that are motivated to further grow and diversify a leading provider of cathodic protection services in Canada” said Matt Colucci, Managing Partner at PillarFour. “We look forward to partnering with the Corrpro Canada team and assisting them in their growth efforts.” In connection with this investment, Matt Colucci of PillarFour has been appointed as a member of the board of directors of Corrpro Canada.
Geoff McFarlane, President & Chief Executive Officer of Corrpro Canada commented, “We are very pleased to be partnering with the PillarFour team. PillarFour’s investment focus in energy technology companies and extensive network within the industry will be invaluable as we execute our growth strategy.”
About PillarFour Capital
PillarFour Capital is a global investment fund with offices in Calgary, Canada and London, UK. PillarFour invests in Sustainable, Energy Technology and Innovation Companies, targeting investment in companies with high ROIC, low capital intensity and commercial technologies aimed at enhancing sustainability and lowering carbon intensity in the oilfield. The PillarFour investment team is made up of dedicated energy and technology professionals, offering our investee companies decades of operational, financial, strategic planning and capital markets expertise. We partner with high quality management teams, putting in place strategies that maximize value creation by emphasizing operational excellence, prudent governance and social license. www.pillarfourcapital.com
For more information, please contact:
PillarFour Capital Partners Inc.
Calgary: +1 (587) 349 2825
London: +44 (0) 20 7358 8118
E-mail: info@pillarfourcapital.com
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