OMERS-owned CEDA acquires Joe Loomis Trucking
CEDA has acquired Joe Loomis Trucking Ltd, a Dawson Creek, British Columbia operator of a fleet of hydro vacuum and combination vacuum units. No financial terms were disclosed. CEDA, a Calgary-based industrial services company providing maintenance, turnaround, construction and project services, said the acquisition will expand its offering to oil and gas customers. CEDA is a portfolio investment of OMERS Infrastructure, the infrastructure arm of the Ontario Municipal Employees Retirement System. OMERS acquired the business from Precision Drilling Corp for $274 million in 2005.
16 November 2017•3 mins read
