Enterprise Group Inc. has announced the signing of a letter of intent to purchase a specialized underground infrastructure construction company with operations based in Alberta.

Enterprise's strategy is to continue to grow the private company in its core competencies while expanding services to a larger customer base while leveraging the synergies available through Enterprise's existing operations. For the year ended 2012, preliminary unaudited sales revenue for the private company was approximately $14.9 million and EBITDA was approximately $5.8 million.

Enterprise will purchase the shares of the private company for $12 ...