Stormont has been retained as the exclusive agent to represent the sale of an Industrial Tank Cleaning & Facility Turnaround Services company operating across Canada. Specifically, the company offers turnkey solutions to industrial facility turnarounds including: non-entry tank and vessel cleaning, turnaround management, high pressure industrial cleaning, oil recovery processing, and emergency spill response.
Based on backlog and awarded work, Management conservatively forecasts revenues of $37 million and EBITDA of $9MM in FY2022. Having reached a size threshold that makes it an ideal candidate to be part of a consolidation strategy, coupled with the stability of operations and quarterly earnings, the Shareholders have decided to sell to a strategic buyer or private equity partner with the ambition and available resources to capitalize fully on the growth potential presented by this opportunity.
Contact for more information:
Dave Munro
403-452-5532
dmunro@stormontcapital.com
