CALGARY, July 11, 2013 /CNW/ - CEDA International Corporation ("CEDA")
is pleased to announce that effective July 10, 2013 it has successfully
acquired Quality Group of Companies ("Quality Group"), which is located
in Fort McMurray, Alberta. The acquisition of Quality Group will expand
CEDA's presence, relationships with key clients, as well as increase
service offerings in the Fort McMurray and Wood Buffalo regions.
The Quality Group was formed in 2000 with the acquisition of Quality
Electric (founded in 1992), with subsequent acquisitions over the past
thirteen years. The principle lines CEDA has acquired from Quality
Group are: Quality Electric, Quality Dewatering Canada, Enhanced
Communication Solutions and Valiant Mechanical Services. This
acquisition aligns CEDA for growth opportunities for operating
facilities, as well as infrastructure in Western Canada.
Through the acquisition of these companies from Quality Group, CEDA will
be adding an additional 100 to 140 staff with an average of 20+ years'
experience to its operations in Fort McMurray. The Quality Group has a
long standing safety record (TRIF for 2012 is 1.7), which strongly
aligns with CEDA's safety culture.
Kevin Fleury, President and CEO of CEDA states, "we are excited with
this opportunity to expand our presence and CEDA's core service
offerings in Fort McMurray. I would like to thank the talented and
dedicated employees of the Quality Group of Companies for their ongoing
support and welcome them to the CEDA team. This acquisition provides
accretive returns and allows us the ability to further expand customer
relationships. This acquisition fits with CEDA's strategic plan and is
aligned with our corporate Core Values."
Dale Unruh, CEO of Quality Group states, "We are honoured to be joining
CEDA. CEDA and Quality Group are both industry leaders, known for
providing safe and optimum customer solutions. All of us at the Quality
Group look forward to integration, where the focus will be maximizing
synergies across all service lines to provide added value for our
CEDA's vision is "to be the dominant provider of specialty industrial
and mechanical services to resource companies in the markets we serve."
CEDA has offices throughout Canada, and has evolved into one of the
safest and most diverse providers of specialty industrial and
mechanical services. CEDA delivers more than 130 services to help
clients manage their petrochemical plants, oil sands facilities, pulp
and paper plants, mines, pipelines and other industrial facilities.
CEDA employs over 2500 talented people with a relentless dedication to
precision, new ideas and safe delivery every single time.
Image with caption: "CEDA International Corporation (CNW Group/CEDA International Corporation)". Image available at: http://photos.newswire.ca/images/download/20130711_C6819_PHOTO_EN_28939.jpg
SOURCE: CEDA International Corporation
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