Acquisition will increase ATCO's footprint in Northern Canada
CALGARY,
AB, Jan. 9, 2024 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)
ATCO Frontec, part of the
ATCO Group, today announced the
acquisition of Fire Prevention Services 2016 Ltd. (FPS), a
full-service fire inspection, testing and maintenance company with
operations in Northwest
Territories, Nunavut and
Alberta. FPS will operate as a new
business line for ATCO Frontec
within Canada.
"This acquisition extends Frontec's offering as an operational
support services provider for government, defence and commercial
clients," said Jim Landon,
President, ATCO Frontec. "Fire
prevention and protection is a critical service for facilities and
infrastructure, and we look forward to growing this business
line."
Originally established in Yellowknife in 2000, FPS serves over 3,500
clients with buildings and facilities throughout the Northwest Territories, Nunavut and Alberta. Their team of about 30 employees
provides a suite of services that includes designing and supplying
suppression and sprinkler systems, alarm systems, fire pumps,
extinguisher training, and inspection consulting and auditing. With
extensive experience working in the North, the FPS team is able to
overcome the challenges of cold weather, logistics and isolation to
deliver services to the most remote projects and communities.
ATCO Frontec has been operating
across Northern Canada since 1987,
supporting the Government of Canada, Department of National Defence, the
Government of Nunavut, and
commercial clients with facility operations and maintenance, fuel
management, site services and remote workforce housing.
ATCO Ltd. and its subsidiary
and affiliate companies have approximately 19,000 employees and
assets of $25 billion. ATCO is a diversified global corporation with
investments in the essential services of Structures & Logistics
(workforce and residential housing, innovative modular facilities,
construction, site support services, workforce lodging services,
facility operations and maintenance, defence operations services,
and disaster and emergency management services); Utilities
(electricity and natural gas transmission and distribution, and
international operations); Energy Infrastructure (energy storage,
energy generation, industrial water solutions, and clean fuels);
Retail Energy (electricity and natural gas retail sales, and
whole-home solutions); Transportation (ports and transportation
logistics); and Commercial Real Estate. More information can be
found at www.ATCO.com.
Investor & Analyst Inquiries:
Colin Jackson
Senior Vice President, Finance, Treasury & Sustainability
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt
Kadatz
Director, Corporate Communications
media@atco.com
587 228 4571
SOURCE ATCO Ltd.