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 Partners. Signal Hill Equity Partners III, which raised $142 million in 2015, invested in the same year.
11 October 2017•2 mins read
