Cantu Lease, Inc. was founded in Mission, Texas in 1980 by Mr. Dustin Roach and Mr. Gary Hollowell. The company serves the South Texas oilfield as a construction contractor, building and maintaining pipelines, gas gathering systems, compressor stations, drilling sites and access roads. The company’s customer base includes most of the major operators in South Texas.

DAG was introduced to Mr. Roach and Mr. Hollowell by a previous DAG client, and we were subsequently engaged for the sale of Cantu. After an extensive search of likely candidates, Flint Energy Services, LTD of Edmonton, Alberta, Canada emerged as the successful acquirer. DAG delivered an attractive valuation, and a tax efficient structure of cash, notes and Flint stock. Flint (FES on the Toronto exchange) had a strategy of geographically expanding their highly successful oilfield construction business. Cantu, as the leading contractor in South Texas, satisfied this strategy. After a brief transition period, Mr. Hollowell will devote full time to other business interests, and Mr. Roach will continue to manage the business as a major division of Flint.

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