Enterprise Group of St. Albert, Edmonton, announced June 13 that it sold its utility construction unit, T.C. Backhoe & Directional Drilling to TC Infrastructure Services.The deal, worth $19.9 million, will close July 5, Enterprise said in a press release. The money will be used to reduce Enterprise’s debt, which stood at $40.6 million at the end of March.TC Infrastructure is a wholly owned subsidiary of Houston-based Quanta Services.Bertha Set For Another Maintenance StopBertha, the tunnel-boring machine under Seattle, is nearing another maintenance stop and the 3,000-foot milestone.Seattle Tunnel Partners have now mined a total of 2,971 feet and installed 449
News Briefs: Enterprise Group Sells Utility Construction Unit
In this week's news, Edmonton's Enterprise Group sells its utility construction division, and Bertha is gearing up for another maintenance stop as it reaches 3,000 feet tunneled
Jun 23, 2016
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