Enterprise Group

Overview

The world is in need of more oil and gas. The Organization of Petroleum Exporting Countries (OPEC) maintained its 2022 forecast that world oil demand will continue to rise against the backdrop of tight supply, while McKinsey & Company reported that the already-tight supply was squeezed even tighter due to the drop in exports from Libya as well as concerns about gas supply from Russia.

Canada is the fifth largest producer of oil and also the fifth largest producer of natural gas in the world. Currently, there are 70 operating oil and gas pipelines regulated by the Canada Energy Regulator across Canada-US borders. The Canadian natural gas industry is expected to generate $250 billion over the next 10 years, and to keep up with this, the Canada Energy Regulator's annual report suggested that western Canada will require additional oil pipeline capacity. At the 2022 Energy and Mines Ministers’ Conference, International Energy Agency executive director Fatih Birol put a spotlight on Canada’s leadership on driving clean growth for a secure energy future, and Europe’s need to replace Russian dependance on oil and gas with trading partners such as Canada.

Enterprise Group helps its clients improve their environment, social and governance (ESG) ratings by offering specialized equipment powered by natural gas or electricity rather than diesel. Senior vice-president and director, Desmond O'Kell, explained to INN that it is necessary for most of their clients to track emissions right from extraction all the way up and downstream so they developed systems to serve this need. He shared, "... some of the things that we've been innovative – and we're first in our sector to do so – is transition from diesel to, in some cases, natural-gas-fired equipment. That difference, moving from diesel to natural gas, is meaningful and very significant. It is a needle mover.” He added, “We're helping the client with costs, we're helping them with emissions reductions in a very significant way. And of course, there's environmental and safety opportunities that also brings.”

Enterprise Group’s business model focuses on continually acquiring profitable and specialized businesses within the infrastructure sector that serves Western Canadian operations. The company utilizes its access to capital, expertise, relationships and existing businesses to accelerate the growth of new acquisitions.

The company presently has four subsidiaries, each targeting a different aspect of infrastructure: Evolution Power Projects, Western Oilfield Rentals, Artic Therm International and Hart Oilfield Rentals. Each subsidiary services essential aspects of the Western Canadian infrastructure market.

Enterprise Group is led by an experienced team of experts in finance, corporate management and investment management. Leonard D. Jaroszuk, CEO, brings 30 years of experience managing public companies, including companies in the construction sector. Warren Cabral, CFO, has over 25 years of experience in finance and has served as CFO for notable companies in the financial services industry. Senior VP, corporate secretary and director Desmond O’Kell has over 30 years of experience in business build-out, finance, and executive operations. A diverse team of additional experts in their fields strengthens the management team’s ability to achieve the company's goals.

Company Highlights

• The Canadian natural gas industry is forecasted to generate $250 billion over the next 10 years, with currently 70 operating oil and gas pipelines regulated by the Canada Energy Regulator across Canada-US borders.
• Canada will require additional oil pipeline capacity, creating a unique opportunity for Enterprise Group.
• Enterprise Group is currently generating revenue throughout its business lines. Revenue of $26.89 million was reported for 2022 ended on December 31, 2022, compared to $18.73 million in 2021.
• The company’s enterprise value is currently estimated at C$34.2 million.
• The company is committed to mitigating, reducing or eliminating CO2 and greenhouse gas emissions for small to tier one resource clients
• An experienced management team leads Enterprise Group towards achieving its goals of supporting the Western Canada infrastructure and energy industry.