Leduc-based oilsands camp company bought by American multinational

One of Alberta’s major oilsands accommodation companies has been bought for $367 million by an American multinational workforce housing firm.
Nisku-based Noralta Lodge Ltd., which operates 11 lodges and a total of 7,900 rooms for workers across northern Alberta, was taken over by Houston’s Civeo Corp. in a deal completed last weekend, the companies said in a news release.
Civeo, spun out of Oil States International in 2014, owns 19 lodges and villages in Canada and Australia with mor