EDMONTON, Alta. –Contrans Group is getting into the waste collection business with the acquisition of Edmonton-based ProWerx Disposal.
ProWerx provides industrial, commercial and residential waste collection services in the Edmonton area. It operates 15 vehicles and uses about 1,500 collection bins of various sizes and configurations, the company says.
“Contrans has long been known for providing specialized transportation services -either through specialized equipment or service offerings to our customers,” announced Stan Dunford, CEO of Contrans. “As a result, our growth has been focused on businesses with sustainable and recession-proof margins. ProWerx is a business that has produced significant organic growth in the market over the last four years, and is positioned to continue to grow.”
Dunford added: “We have identified waste collection as a business segment with strong margins and sustainable cash flows, two factors which Contrans and its shareholders have always valued. We believe the entry into this market will open the door for greater future potential and it is our intention to continue to pursue opportunities in this segment.”
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