STEP Energy Services Ltd. has agreed to go private through an all-cash transaction with ARC Energy Fund 8. ARC will acquire all remaining shares for C$5.50 each, a 29% premium over the closing price on September 24, 2025. The deal is subject to shareholder and court approval, with a projected closing date of December 16, 2025. STEP Energy Services will continue to operate under current management led by CEO Steve Glanville.

Read more at Nasdaq.: STEP Energy Services To Go Private In C$5.50/shr All-Cash Deal With ARC Financial