Stuart Olson Inc.has acquired Calgary-based Tartan Canada Corp. for approximately $12 million, expanding its reach in the industrial maintenance, construction and plant turnaround business.
Tartan, which primarily serves clients in the industrial and energy industries, was founded in 1953 and employs about 400 workers. Tartan will be fully integrated within Stuart Olson’s industrial group. Bob Myles, Stuart Olson’s industrial group’s chief operating officer, who was previously Tartan’s president and CEO up until January 2016, will lead the process of integrating Tartan into the company.
“This acquisition represents an important milestone for our Industrial Group to further its abilities as an integrated solutions provider,” said David LeMay, president and CEO of Stuart Olson. “Our growth strategies are centred on building both scope and scale by targeting the addition of complementary trade services.”
Tartan has a backlog of approximately $50 million and posted revenue of about $70 million for the 12 months prior to Sept. 30.
“Tartan is very excited to be part of the Stuart Olson family and now have access to its large industrial customer base. Tartan brings a strong reputation of providing safe, high quality, cost effective and on time heavy industrial services,” said Doug Lautermilch, president and CEO of Tartan.
Stuart Olson operates office locations and projects throughout Western Canada, Ontario and the territories. Stuart Olson was recognized as one of Alberta’s Top 70 Employers in 2018 for the second consecutive year.
