Signal Hill-backed City Wide Towing acquires Capital Towing

City Wide Towing & Recovery Service Ltd recently acquired Capital Towing and Recovery Inc, a Sherwood Park, Alberta-based provider of towing and recovery services. No financial terms were released for deal, which saw Devon Poole, founder of Capital Towing, join City Wide. The add-on, which follows the March acquisition of Key Towing & Storage (Alberta) Ltd, represents a next step in City Wide becoming a “leading national company,” CEO Rob Voelk said. Calgary’s City Wide is backed by Canadian private equity firm Signal Hill Equity PartnersSignal Hill Equity Partners III, which raised $142 million in 2015, invested in the same year.

PRESS RELEASE

City Wide Towing acquires Capital Towing

Capital Towing strengthens City Wide Towing’s presence in Edmonton and across Western Canada.

CALGARY, AB – September 29, 2017 – City Wide Towing & Recovery Service Ltd. (“City Wide” or the “Company”) is pleased to announce that it has acquired most of the assets of Capital Towing and Recovery Inc. (“Capital Towing”). Founded in 2012, Capital Towing is a leading provider of towing and recovery services, with coverage of Edmonton, Sherwood Park, and their surrounding areas.

The acquisition of Capital Towing strengthens City Wide’s footprint in the Edmonton area, where the Company was recently selected by the City of Edmonton to provide towing services required by the Edmonton Police Service. Devon Poole, Founder of Capital Towing, has joined City Wide as Operations Manager (Edmonton Branch) as part of the transaction.

“The addition of Capital Towing is another step in our plan to build City Wide into a leading national company. We are extremely pleased to partner with Devon Poole and his team, who share our commitment in providing customers with excellent and timely service,” said Rob Voelk, CEO of City Wide.

“I am excited to join City Wide and believe that we are well positioned to take advantage of further growth opportunities in Edmonton, Sherwood Park, and across Western Canada,” said Devon Poole.

About City Wide

Founded in 1963, City Wide is the leading provider of towing and recovery services across Alberta. The Company offers towing & recovery, equipment transportation, boosting, lockouts, fuel delivery, tire changes, and other specialty services in Calgary, Edmonton, Red Deer, Airdrie, Strathmore, and Okotoks. With a fleet of over 130 trucks, the Company provides services to a variety of auto clubs, insurance companies, equipment rental companies, auto dealerships, and municipalities.

For further information on City Wide or Capital Towing, please visit www.citywidetowing.com or contact:

Rob Voelk
CEO, City Wide

rmv@citywidetowing.com

Imran Siddiqui
Partner, Signal Hill Equity Partners

isiddiqui@signalhillequity.com

Photo courtesy of City Wide Towing & Recovery Service Ltd