WesternOne Inc. announced that it is winding-down its operations in Australia. In order to ensure an efficient wind-down process, the Australian operations have been placed into voluntary administration. WesternOne is taking this action in order to focus both its management and its capital resources on significant opportunities in North America, including ongoing capital investments in Northern Alberta's oil and gas sector, new major investments in the shale oil and gas sector in the United States, and the liquefied natural gas and related infrastructure projects proposed for British Columbia.

Peter Blake becomes Chief Executive Officer of WesternOne effective September 1, 2014.

The company provided earnings guidance for the second quarter ended June 30, 2014. For the period, the company expects consolidated revenue of approximately $112.1 million and consolidated adjusted EBITDA of approximately $10.5 million. Excluding the impact of the Australian business, estimated consolidated revenue was approximately $98.7 million and consolidated adjusted EBITDA was approximately $12.6 million.