STEP Energy Services Ltd. Agrees to $5.50 Per Share Take Private Transaction With Funds Advised by ARC Financial Corp.

CALGARY, Alberta--(BUSINESS WIRE)--Further to its news release of September 25, 2025 announcing receipt of a non-binding offer from ARC Financial Corp., STEP Energy Services Ltd. ("STEP†or the "Company†) (TSX: STEP) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement†) with 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, "ARC†) to take. ...