Capital Infrastructure Group Inc. (CIG) continues to grow its service offerings with the announcement that it has acquired all outstanding shares of Clean Water Works Inc. (CWW) from Market Square Ltd. Partnership.
Based in Ottawa, Ontario, Canada, CWW was founded in 2005 by John Brule and later sold to Market Square Ltd. Partnership. CWW is a multi-disciplined provider of sewer rehabilitation, sewer and inspection services, plumbing and drain services, maintenance and installations. Its environmental services include hazardous waste disposal and remediation services including tank cleaning, contaminated soil removal and lagoon cleaning.
CWW provides its services to Ontario, Quebec and New Brunswick. With its experienced management team and hardworking talented staff, CWW has firmly established itself as an industry leader in the disciplines and provinces it serves.
“Today is a pivotal day for both our companies along with the sewer rehabilitation industry in Canada. The consolidation of these two industry leaders creates a platform that we feel will significantly benefit our industry partners, employees, and clients,” stated CIG president David Beswick. “This acquisition represents the opportunity for a market-leading position within the Canadian marketplace. I would like to ask the CIG team to join me in welcoming the entire CWW team to our family.”
CWW president and CEO Paul McCarney, P.Eng., adds, “This transaction represents a page turn for CWW and its team. In particular, this represents long-term stability to our team and partners. The management at CWW is excited at the opportunity to be part of the vertically integrated model that CIG has built. I believe that this consolidation will create a much stronger industry leader in the marketplace. This transaction is great news for CWW and its employees. I look forward to the future.”
This acquisition represents the third infrastructure service provider transaction for CIG in the past eight months.
In December 2021, CIG announced that it added vacuum excavation and horizontal directional drilling (HDD) services to its portfolio with the acquisition of Allied Utility Services Inc. and Markervac Inc., based in Queensville, Ontario.
Founded in the late 1990s, Allied is a specialty utility service provider specializing in horizontal drilling for the telecommunications, hydroelectric, water and wastewater industries. Allied also provides specialty HDPE fusion services for these industries. Markervac has a fleet of hydro vac trucks that mainly support the hydroelectric industry in southern Ontario along with servicing many critical utilities.
“We are extremely excited to welcome the Allied and Markervac teams to the CIG family. I look forward to a long and lasting relationship with this team, and I am particularly excited to work with Allied and Markervac’s founders Matt Walker and Sandy Martin,” said Beswick at the time of the acquisition. “These gentlemen are two experienced industry veterans that bring management depth and experience to our growing group of vertically integrated infrastructure service companies.”
In June 2021, CIG made its first move into the U.S. market with the acquisition of Northeast Safety Boats LLC, from its owners Jack and Linda Casey. Based in New Hartford, Connecticut, the company supplies safety and support services to bridge inspection, rehabilitation and construction. It operates in 11 states predominantly on the Northeastern seaboard of the United States.
A press release from CIG about the acquisition notes:
CIG is excited with the acquisition of this tremendous business, along with strong customer relationships the Casey family has created. Linda Casey will be retiring immediately, Jack and their daughter Emily will remain with Northeast to operate the business. We feel Jack and Emily will be instrumental in both the future success and growth plans of Northeast.
The acquisition of Northeast will provide CIG its first USA platform which represents a very attractive opportunity for growth and expansion into one of the world’s largest markets.
Founded in 2014, and headquartered in Vaughan, Ontario, CIG is a multi-discipline infrastructure service provider, specializing in water, wastewater and bridge rehabilitation. CIG serves western and eastern Canada and the Northeastern seaboard of the United States.
SOURCE – Capital Infrastructure Group