Building capacity through a groundbreaking partnership

In 2017, the Mikisew Cree and Fort McKay First Nations joined forces to buy 49% of Suncor’s East Tank Farm development, resulting in the largest and most significant business transaction in Aboriginal history. Mikisew Group effectively has 15% interest in the midstream asset.

Handling production from Suncor’s Fort Hills Oil Sands mining project, the East Tank Farm includes bitumen storage, blending and cooling facilities, and connectivity to third-party pipelines.

Economic benefits from this partnership will enhance infrastructure development, social programs, education and training in all Mikisew Cree First Nation communities for generations to come.

Acquisition of Guthrie along with a five-year Master Service Agreement with Syncrude Canada

We are very pleased to announce the acquisition of Guthrie, Northern Alberta’s most knowledgeable and dependable provider of consolidated facilities, industrial maintenance, lifting and tool repair services.

Our relationship began in 2017 with the formation of the Mikisew Guthrie Limited Partnership (MGLP). Today, in adding a significant suite of wholly owned services to our growing portfolio, we have reaffirmed our commitment to expanding our presence in the industry.

Guthrie’s history in the region and its strong values of community, operational excellence and safety performance are exactly in line with our core values. This transaction will not only improve the financial performance of our company but also create skilled-trades employment and apprenticeship opportunities in the Mikisew Cree First Nation and surrounding communities.

5.811% Investment into Alberta PowerLine (APL)

In the fall of 2019 Mikisew Group acquired a 5.811 percent interest in Alberta PowerLine (APL). This investment was part of an opportunity for indigenous communities along the Fort McMurray West 500-kV Transmission Project Line to collectively acquire up to 40 percent of the asset. In total, seven indigenous communities participated in the opportunity.

This deal marks a major diversification outside of Mikisew Group’s traditional investments. It allows us to be part of a low-risk project on traditional territory, that will provide a steady stream of cashflow for the next 35 years.