A Red Deer County oilfield fabrication and design company has struck a deal with a Vancouver equity firm to help it expand operations.
Fusion Production Systems Inc., which operates out of Belich Business Park just west of Red Deer, and the Seacliff Group announced on Tuesday that they’ve entered into a partnership that will see Seacliff invest in Fusion.
“We have achieved strong growth in the past few years and new investment from Seacliff will help us enhance our customer services, expand our product line of multi-phase separators and flow back equipment, and will capitalize on opportunities in the oil and gas sector,” said Dean Simpson, president of Fusion.
A release issued by the companies said Simpson will continue to lead Fusion as president and his staff will remain.
Fusion is an integrated fabrication and design company, with portable separation equipment among its specialties.
The Seacliff Group is a privately-owned group of companies that’s active in the construction, powerline and oil and gas services, and real estate sectors. Its private equity division has been investing in businesses in the infrastructure and industrial service sectors.