Mergers & Acquisitions

Civeo Acquires 400 Room Accommodation Facility Near Lake Charles, Louisiana

Acquisition increases scale, profitability and contract coverage in Civeo’s US market segment Civeo expects asset to generate revenues of $7 million and gross profit of $6 million for the remainder of 2018 supported by an existing contract with a large petrochemical customer Existing site infrastructure and land could support expansion of an additional 400 rooms HOUSTON, March 01, 2018 - Civeo...

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