Osprey Capital Partners Inc. is pleased to announce that it assisted Energold Drilling Corp. in acquiring Manitoba based Cros-Man Direct Underground Ltd. Cros-Man, founded in 2005, is a horizontal directional driller servicing the telecommunications, water, sewage, hydro and oil and gas markets in central Canada. Cros-Man’s primary business involves the trenchless method of installing cable and piping systems underground in a shallow arc along a predetermined path, by the use of highly specialized drilling equipment. Over the past eleven years, Cros-Man has generated an increasing portion of its revenue from engineering and telecommunications drilling services and also maintains an ongoing presence in the oil and gas pipeline market in Central Canada.
Osprey Capital was engaged by Energold to assist in sourcing an acquisition that would fit with Energold’s strategic objective to capitalize on the growing market for infrastructure drilling across Canada and the United States.
markets in the region.