A Willbros Group subsidiary has entered into a share purchase agreement with AMEC to acquire all of the shares of Midwest Management (1987) Ltd, a Canadian pipeline and facilities construction company, for approximately $17.5 million, plus working capital of approximately $3.3 million. Midwest, together with its wholly-owned subsidiaries, Midwest Pipeline Rental Inc and Midwest General Contractors Ltd, offers a complete range of services, including cross-country pipeline construction, rehabilitation and maintenance, water crossing installation and replacement, and facilities fabrication. Finalization of this transaction, which is subject to regulatory approval, is expected in the late second quarter or early third quarter of 2007. Randy Harl, president and CEO of Willbros, commented: "This acquisition provides substantial opportunities for Willbros to participate in large-diameter pipeline projects related to the development of the Canadian oilsands and gas reserves expected during the next several years. The additional capabilities of a mainline pipeline construction entity in Canada will complement Willbros' traditional Canadian activities …and with the addition of Midwest, we will now have in Canada a cross-country pipeline construction company with experience, systems, equipment and corporate identity bolstered by the global reputation of Willbros."