STEP Energy Services Ltd., an ARC Financial Corp. sponsored company, has entered into a definitive agreement to acquire the Canadian pressure pumping, coiled tubing and cementing assets of Sanjel Corporation. The acquisition will add 165,000 pressure pumping horsepower to STEP’s current fracturing fleet of 115,000 horsepower. The cementing assets will be operated separately under the leadership of Shane Hooker. The transaction will be facilitated through a court-monitored process. Closing of the transaction is expected to occur in May 2016.