Elite Group Inc. (OTCPK:ELTZ) entered into an agreement to acquire Pirate Oilfield Services for $0.85 million on September 12, 2017. Under the terms of the agreement Elite will assume a bank note of $0.85 million and other specifically identified expenses. Pirate generated revenue of $6.5 million in 2016. Elite Group Inc. (OTCPK:ELTZ) completed the acquisition of Pirate Oilfield Services on September 12, 2017.