QE2 Acquisition Corp.

QE2 Acquisition Corp.

November 19, 2013 12:38 ET

QE2 Acquisition Corp. Announces Closing and Integration of Their First Acquisition: Pillar Contracting Ltd.

CALGARY, ALBERTA--(Marketwired - Nov. 19, 2013) - On October 30th, 2013 QE2 Acquisition Corp. completed the acquisition of Pillar Contracting Ltd.

Pillar is an industry leader in specialized utilities services, serving municipalities and utilities with light standard maintenance and painting, metal fatigue testing, and safety and traffic management solutions.

Pillar is an Alberta grown, cash flow positive business with a proven track record and a strong management team.

"We are proud to welcome Pillar into the QE2 family," explains Mihalis Belantis, CEO of QE2. "Pillar's founder, Mark Lacoursiere, and all Pillar employees are a testament to the entrepreneurial spirit, work ethic and desire to succeed that is so prevalent in Alberta!"

This provides a solid platform for QE2 to support management's commitment to elevating the company to new heights and even greater success. "QE2 will enhance the organic growth of Pillar through access to capital, sound financial structuring and marketing/sales channel expansion," states Fletcher Morgan, VP of Acquisitions & Finance for QE2.

About QE2 Acquisition Corp ("QE2"):

QE2 is a forward thinking, Calgary founded firm that acquires & grows well-managed, profitable, asset backed Alberta based businesses in the Infrastructure & essential services sectors. QE2's growth strategy is a mergers and acquisitions program; which leverages the synergies that can be achieved by vertical and horizontal integration. www.qe2corp.com.

Contact Information

  • QE2 Acquisition Corp.
    Alexis Meinzer
    Executive Vice President
    (403) 478-0055 or Cell: (403) 617-4411
    (403) 770-8468 (FAX)
    am@qe2corp.com

    1918 246 Stewart Green SW
    Calgary, Alberta TCH 3CB
    www.qe2corp.com