We are seeking a going-concern sale of an Alberta-based oil and gas flow measurement company through a pre-filing Sales and Investment Solicitation Process (SISP). While the preferred outcome is a full sale of the business, the Company is also open to considering a C$2.0 million equity placement to refinance its current senior debt and provide working capital for growth. Current management is committed to remaining with the business to ensure operational continuity and to support future expansion.

The Company is a leading manufacturer of flow measurement solutions for the industrial, energy, and public utilities sectors, with a focus on gas, liquid, and steam applications. Operating in a highly specialized niche, it is one of only two flow meter providers in Canada, supplying approximately 80% of fabrication services for major midstream companies. In the U.S., competition is limited to just four major manufacturers and a handful of smaller players. The Company is an approved vendor for every large Midstream O&G operator in Canada and for many in the Northeast and Southwest U.S.

With the industry entering a high-growth phase, driven by new pipeline approvals, expansions, and acquisitions by majors such as Enbridge, AltaGas, and TC Energy, all of whom have pre-approved the Company as a vendor, it is uniquely positioned as an attractive investment opportunity.

Founded in 2003, the privately held Company operates from a 40,000 sq. ft. leased facility and employs approximately 25 people. The Company has a February fiscal year-end and is expected to generate approximately C$7.0 million of revenue and approximately C$1.0 million of EBITDA in FY2026. Cash flow has been at breakeven levels for more than a year.

Preliminary valuation estimates place the Company in the range of C$3.5 million to C$5.5 million. On an asset basis, the valuation reflects approximately 1.0x to 1.5x the estimated orderly liquidation value of net assets, consisting of receivables, inventory, and equipment (currently estimated at C$3.4 million). On an earnings basis, the range represents 3.0x to 4.5x the 12-month forward EV/EBITDA of approximately C$1.2 million. Actual bids may exceed these levels given the Company’s strong strategic positioning as an approved vendor to major operators in a rapidly expanding industry.

Interested parties should contact the undersigned. At our discretion, a non-disclosure and non-solicitation agreement will be sent to you for execution (the “NDA”). Following receipt of the executed NDA, Sinclair Range will be available for discussion and limited due diligence disclosure with a view to defining the structure of a possible transaction. This communication is not, and under no circumstances is to be construed as, an offering or solicitation by Sinclair Range.

Please direct enquiries to:
Ajay Ramamoorthy
Vice President
Sinclair Range Inc.
Mobile: +1 647 949 9555
Email: aramamoorthy@sinclairrange.com