Stormont has been retained to sell a Canadian Industrial Safety & Emergency Response Services business. The Company is a premium provider of emergency response, medical, and safety services to large energy and industrial clients throughout Western Canada.
The company’s FY19 financial performance is recovering from the energy sector downturn with revenues of $14.5MM. Gross margins are expected to continue strengthening to the historical average of 30%. Industrial Services revenue provides the greatest contribution to the Company’s top-line (45%). This division manages safety for plant shutdowns and turnaround work. Management foresees continued growth and sustainable profitability in this business area as the segment is comprised of predictable work and stable revenues. The Safety Supplies and Services division is the fastest growing revenue segment within the Company by percent of revenue (38%).
This is a unique opportunity to acquire a long-standing player in the industry, with a brand associated with quality.
Contact for more information
Stu Parnell
403-452-5361
sparnell@stormontenergy.com
