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Focus Signs Letter of Intent to Acquire DPH Engineering
Inc.
August 31, 2006
EDMONTON, ALBERTA-Focus is pleased to announce it has signed a letter of intent
to acquire DPH Engineering Inc. (DPH).
Based in Calgary, Alberta, DPH is a well established engineering, procurement
and construction management (EPCM) company whose core business is the upstream
oil and gas industry in Western Canada. DPH has 270 employees; large components
of which are professional engineers and technical staff. Over the last 33
years, DPH has built a solid reputation as a key service provider to some of
Canada's largest oil and gas producers and engineering, procurement and
construction firms.
"The addition of DPH is very much in line with our vision for growth and greatly
enhances our ability to service the needs of our oil and gas clients," explains
John Holmlund, Focus CEO & President. "With the addition of DPH, Focus has
significantly strengthened its depth of service offerings. We will have more
than 800 people providing professional and technical services to the oil and
gas industry in Western Canada."
"Were looking forward to joining Focus, this is an excellent opportunity for our
employees and clients," explains Bruce Robinson, President of DPH. "Our
employees will have access to excellent human resource benefits, financial
resources and career development opportunities and our clients will gain access
to a wider range of services and technology," adds Robinson.
In the next few months, Focus will be completing the necessary due diligence
aspects of the acquisition with the support of its equity partner, KRG Capital
Partners, a private equity firm based in Denver, Colorado. The DPH acquisition
is anticipated to close on October 31, 2006.
Focus Corporation is a multi-disciplinary consulting firm providing a range of
engineering, geomatics, planning and project management services to clients
involved in oil and gas, oil sands, infrastructure, land development and
environmental projects. Clients rely on Focus to deliver world-class technical
solutions that optimize their investments, improve their competitive position
and increase their long-term success. With the addition of DPH Engineering
Inc., Focus will employ more than 1400 staff in 19 offices throughout Western
Canada.
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