Supreme Court allows PE-backed Tervita to proceed on 2011 acquisition

Tervita Corp has welcomed the decision of the Supreme Court of Canada to allow its 2011 acquisition of Complete Environmental Inc and subsidiary Babkirk Land Services Inc. The company said the decision will allow it to proceed with developing a secure landfill in Northeastern British Columbia and add a disposal site to its network of strategically located disposal facilities. Based in Calgary, Tervita is an environmental solutions provider. Since 2007, it has been backed by a number of Canadian and U.S. private equity investors, including CAI Private Equity, Kelso & Co and Vestar Capital Partners.

PRESS RELEASE

Tervita Responds to Recent Supreme Court of Canada Decision

CALGARY, ALBERTA–(Marketwired – Jan. 22, 2015) – Tervita Corporation today responded to the Supreme Court of Canada’s decision regarding its 2011 acquisition of Complete Environmental Inc. and its subsidiary Babkirk Land Services Inc.

The acquisition had been challenged by the Commissioner of the Competition Bureau and had been heard by the Competition Tribunal and the Federal Court of Appeal prior to consideration by the Supreme Court of Canada. The Supreme Court held that the acquisition by Tervita should be allowed to proceed.

“We are gratified that the Supreme Court recognized the merits of our arguments through their decision,” said Rob Van Walleghem, Executive Vice President & General Counsel for Tervita. “We were delighted when the Court granted leave to hear our case, and now it has agreed with our position that sections 92 and 96 of the Competition Act; and the application of those sections by quasi-judicial and judicial bodies required clarification. We are confident that this clarification will benefit all other Canadian businesses as well,” he added.

The decision means that Tervita can proceed with developing a secure landfill in North Eastern B.C. and add an additional and environmentally safe disposal site to its existing network of strategically located disposal facilities.

For more information on Tervita’s service offerings and facilities, visit: http://www.tervita.com/about-tervita/facilities-and-locations/Pages/default.aspx

About Tervita

Tervita is a leading North American environmental solutions provider. Our integrated earth, water, waste and resource solutions deliver safe and efficient results through all phases of a project by minimizing impact, maximizing returns.™ More than 3,000 dedicated employees are trusted sustainability partners to oil and gas, construction, mining, government and communities. Safety is our highest priority: it influences our actions and shapes our culture. For more information visit Tervita.com.

Contact Information

Cam Hantiuk
Director – Communications & Public Affairs
chantiuk@tervita.com
T: (403) 234-4811

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