Signal Hill Equity Partners said Friday that it invested in City Wide Towing & Recovery Service Ltd. Financial terms weren’t announced. City Wide provides vehicle recovery services in Calgary, Alberta.
TORONTO, ONTARIO and CALGARY, ALBERTA–(Marketwired – Aug. 14, 2015) – Signal Hill Equity Partners (“Signal Hill”) is excited to announce that it has made an investment in City Wide Towing & Recovery Service Ltd. (“City Wide” or the “Company”) to facilitate the future growth of the Company. Founded more than 50 years ago, City Wide is a leading provider of vehicle recovery services in Alberta and is the largest operator in the greater Calgary region.
“We are thrilled at the opportunity of partnering with Rob and Wendy Voelk, who have done a tremendous job of building a market leading brand in the Canadian vehicle recovery industry,” said James C. Johnson, Managing Partner, Signal Hill. “We see tremendous opportunity for growth across the highly fragmented sector and are excited to support Rob, Wendy and the rest of the management team as they look to build a leading national company.”
“We are pleased to have Signal Hill join the City Wide team,” said Rob Voelk, CEO, City Wide. “Their financial and operational expertise will enhance our ability to provide quality service to our existing customers and facilitate our growth nationally. Their passion for the Company and its people is refreshing to see and we look forward to working with them.”
Founded in 1963, City Wide has been the leading provider of recovery services in Calgary and across Southern Alberta. The Company offers towing & recovery, equipment transportation, boosting, lockouts, fuel delivery, tire changes and other specialty services in Calgary, Airdrie, Strathmore and Okotoks. With a fleet of over 90 trucks the Company provides services to a variety of auto clubs, insurance companies, equipment rental companies, auto dealerships and municipalities.
About Signal Hill Equity Partners
Signal Hill is a Canadian-based private equity firm managed by 15 professionals who have completed over 100 transactions investing, building and growing private companies into exceptional businesses. Signal Hill targets traditional businesses in its five key verticals: business & consumer services, specialty manufacturing, building products, food and consumer products and resource services.
For further information on City Wide, please visit www.citywidetowing.com.
For further information on Signal Hill, please visit www.signalhillequity.com.