TORONTO, Aug. 2 /CNW/ - EW Disaster Kleenup Canada L.P. ("EW") announced
today that it has acquired two more emergency response and restoration
businesses, one in Manitoba and one in Nova Scotia. The acquisitions are part
of EW's strategy of building Canada's leading national provider of disaster
The newly acquired businesses are Premiere Restoration Services Ltd. of
Winnipeg, Manitoba and K.B. Clarke Disaster Kleenup of Halifax, Nova Scotia.
Terms of the transactions were not disclosed.
EW already has operations across Ontario and in British Columbia.
Including the newly acquired Premiere Restoration and K.B. Clarke operations,
EW has more than $125 million in annual revenue and more than 600 direct
employees in 23 cities and towns across Canada.
"With these two new acquisitions EW continues its growth momentum and
expands its ability to provide one-stop shopping for its customers and
enhanced career opportunities for its employees," said Lyle Kerr, EW's
President and Chief Executive Officer. "While we now have strong operations in
central Canada and the Atlantic and Pacific coasts, there is still significant
potential for us to acquire more independent Canadian operators."
Added Vance Hallett and Claude Couture, co-Presidents of Premiere
Restoration, "Our ability to offer expert service across Manitoba can only be
improved as we combine our seasoned staff with that of EW. Between us, we have
many decades of experience in restoration and construction and we are all
committed to the highest business standards."
Kevin Clarke, President of K.B. Clarke, and the current President of the
trade group Disaster Kleenup Canada, said "EW's financial strength, its
integrity and its reputation for quality and service played an important role
in our decision to become part of this national enterprise. Our ability to
share resources and best practices with our colleagues across Canada will
benefit us all and will provide added value to our customers in Nova Scotia."
The current Premiere Restoration and K.B. Clarke management teams will
continue to manage the day-to-day disaster restoration business in their
respective provinces, while driving both organic and acquisition growth in
their regions. In addition, the current Premiere Restoration and K.B. Clarke
management teams will become significant shareholders of EW and an integral
part of the new EW national management team.
On July 18, 2007 EW announced the acquisition of Timmins-based Airkem
Disaster Kleenup Canada L.P., a leading emergency response and restoration
company serving northern Ontario.
EW is a full service restoration provider with expertise in water losses,
wind damage, fire and smoke damage, sewer backup, hurricane and tornado
restorations, odour control, contents handling, drying, electronic repairs,
mould remediation, asbestos remediation, petroleum spills, infection control
and general contracting. EW is majority-owned by TorQuest Partners Inc. of
For further information:
For further information: Lyle Kerr, President and Chief Executive
Officer, EW Disaster Kleenup L.P., Tel: (416) 480-9155,
www.ewdisasterkleenup.com; Alan Lever, Principal, TorQuest Partners LLP, Tel:
(416) 956-7017, www.torquest.com