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 clients."
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.
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SOURCE: CEDA International Corporation
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