HIVE Innovations Acquires Gemini Corporation
October 1, 2018
For Immediate Release
HIVE Innovations has secured the acquisition of the operating assets of Gemini Corporation, a company with over 35 years history in the oil and gas industry. This acquisition has resulted in the formation of Gemini Fabrication, allowing HIVE to add fabrication and manufacturing into their fully integrated turn key business model. Headquartered in Calgary, AB and with the longstanding expertise of the Gemini team and 53 acres of fabrication space in Ponoka, AB, Gemini Fabrication has capacity to meet the needs of the full spectrum of industry fabrication requirements.
Dallas Lenius, President of HIVE Innovations says, “We consider this a good news story for Alberta and a good news story for the industry. We are keeping jobs in Alberta and revitalizing the Ponoka fabrication facility, a facility with a strong reputation in the Canadian energy industry. Previous Gemini clients can trust that fabrication services will be delivered with a renewed commitment to customer value, short turnarounds and cost-effective execution. HIVE clients can look for more cost savings now that we have the capacity to offer in house fabrication, eliminating cost mark up.”
All of HIVE’s products and services – from modular well pad design to innovations such as their Pad Level Solvent Recovery Systems to project execution and fabrication services – fall within an industry-disrupting commercial model. Under this model, HIVE takes on as much of the financial risk as clients and partners need, from late stage milestone payments to full capital funding.
Media Inquiries: Alison Leontaridis, HIVE Innovations, 403.805.4251, alisonL@hiveinnovations.ca.