Paintearth Buys Two

Paintearth Energy Services Inc., a manufacturer of production enhancement equipment for North American oil and gas producers, has acquired two business units of Integrated Production Services, a division of Complete Production Services Inc. The acquisition was financed via a Cnd$8.2 million equity and subordinated note investment led by VenGrowth Private Equity Partners. Existing shareholder Canadian Medical Protective Association also participated.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />