Safway Services Canada ULC has acquired Nel-Tekk Industrial Specialties Inc, a Sarnia, Ontario-based provider of insulation, abatement and fireproofing services. The financial terms of the transaction were not released. Safway Services Canada is an affiliate of Safway Group Holdings, a provider of scaffolding and other access products for industrial and commercial construction markets in North America. Safway, which has its headquarters in Waukesha, Wisconsin, is a portfolio company of U.S. private equity firm Odyssey Investment Partners. The company was acquired by Odyssey in 2009 from German conglomerate ThyssenKrupp AG.
Safway Canada Acquires Nel-Tekk Industrial Specialties Inc.
Fort Saskatchewan, Alberta, Canada; June 26, 2014 – Effective June 24, 2014, Safway Services Canada is pleased to announce that it has acquired Nel-Tekk Industrial Specialties Inc. With headquarters in Sarnia, Nel-Tekk currently serves Nanticoke, Sarnia and the southwestern Ontario region and provides a range of insulation-related services including removal and re-installation of all types of insulation systems; asbestos, mould and lead abatement; identification surveys; insulation system and covering inspections; and installation of fireproofing, fire-stopping and smoke-sealing systems.
“Nel-Tekk is a great fit for Safway Canada,” says Steve Wilson, president of Safway Canada. “Nel-Tekk and Safway have similar operating philosophies with a passion for developing a culture of safety, understanding customer needs and exceeding expectations.”
Nel-Tekk was founded in 1987 to serve the Imperial Oil site in Sarnia. Nel-Tekk has completed thousands of insulation and abatement projects of all sizes, including numerous routine maintenance, capital projects and large, major shutdowns and turnarounds. Recognized for their expertise in the industrial sector, Nel-Tekk also has experience in commercial and institutional construction. In addition, Nel-Tekk has established an outstanding track record in safety, with no lost time injuries in more than 25 years and more than 2.5 million man-hours worked safely.
Nel-Tekk will provide Safway with 27+ years of IAF (insulation, abatement and fireproofing) experience and expertise,” explains Mike Guerette, manager of Nel-Tekk. “We look forward to being part of Safway Canada and continuing to grow to become the clear leader in scaffolding, access, insulation and coatings, and supporting the delivery of seamless SIP (scaffolding, insulation and painting) and multiservice solutions in our area.”
As part of Safway Canada, Nel-Tekk employees will continue to provide insulation and abatement services at the Imperial Oil site in Sarnia. By the beginning of 2015, a Safway Sarnia Branch will be established at the current Nel-Tekk site in Sarnia, offering a full range of access and industrial services including scaffolding and related products; professional engineering; project management and coatings, as well as mechanical insulation; asbestos, mould and lead abatement; and fireproofing. “By working together, we can deliver superior performance and customer service, as we grow and excel in today’s marketplace, creating the best multiservice company in Canada,” concludes Wilson.
About Safway Canada
As an industry leader with 11 locations, Safway Services Canada delivers safe, economical, high-performance access and industrial service solutions – THE SMART WAY™. From access and scaffolding product sales, rental, skilled labor and engineering, to insulation, coatings and project management, Safway Canada provides multiservice solutions for projects of any size and scope throughout the petrochemical, pharmaceutical, power, refining, marine, manufacturing, transportation and commercial construction industries.
About Safway Group
With over 90 locations across North America and a growing system of distributors worldwide, Safway Group companies deliver efficient, high-performance multiservice solutions – The Smart Way™ – by collaborating, communicating and sharing resources. Offering experience and expertise in access, scaffolding, insulation, fireproofing, surface preparation and coatings, Safway Group companies include Safway Services; Safway Services Canada; Redi Solutions; CL Coatings; Industrial Coatings & Fireproofing; S&E Bridge & Scaffold; Swing Staging and Safway Atlantic. With the largest engineering staff, an exclusive project management system, award-winning safety excellence and a full line of products and services, Safway Group companies design and implement innovative, quality solutions at the lowest installed cost for projects of any size and scope. Safway has been an industry leader since 1936. Safway Group companies serve the petrochemical, oil and gas, power, refining, marine, manufacturing, transportation and commercial construction industries worldwide.
For more infomation about Safway Group, visit: www.safwaygroup.com.
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