New owner for industrial maintenance firm CEDA
The Calgary-based company has been bought by Canadian investment firm Hillcore Group.
June 19, 2024 | By MRO Staff
Canadian investment firm Hillcore Group has acquired industrial maintenance provider CEDA – which has been majority-owned by Canadian public pension fund OMERS Private Equity since 2005 – for an undisclosed amount.
“This acquisition opens up a wide range of possibilities, enabling us to expand our reach and enhance our capabilities,” CEDA president and CEO Kevin Fleury said. “The Hillcore Group is well positioned to steward the continued growth of CEDA and has an impressive track record of partnering with its portfolio companies. At the same time, I would like to thank OMERS for their guidance and support over the last 19 years.”
CEDA specializes in providing industrial maintenance, turnaround, and environmental services to clients in the oil and gas, pipeline, power, pulp and paper, chemical, mining, municipal and steel markets. The company is headquartered in Calgary and has offices throughout North America.
