Environmental 360 Solutions Ltd. (E360S) is pleased to announce it has acquired the hydrovac assets and business operating out of Sherwood Park, Alberta, under the former operating entity Canadian Hydrovac Ltd. and the hydrovac assets and business operating out of Hardisty, Alberta, under the former operating entity Recon Utility Search L.P. (collectively, the “Hydrovac Assets”) from Mullen Group Ltd (TSX: MTL).
The Mullen Group is one of North America’s largest logistics providers whose services include a wide range of offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation. E360S will acquire the hydrovac assets from Mullen and integrate them into E360S’ network of operations.
Donato Ardellini, E360S’ Founder and CEO said “I would like to extend a warm welcome the Mullen employees that will be joining the E360S team. The acquisition will integrate seamlessly into our existing operations in Western Canada providing us more capacity to continue to provide our customers the high level of service they have come to expect from E360S. E360S continues to execute on its goal of becoming Canada’s most trusted environmental management company.”
Richard Maloney, Senior Officer, at Mullen said “”Earlier this year we identified a few assets that we viewed as non-core to our long-term strategy. Today I am pleased to announce that the Hydrovac Assets have been acquired by a strategic buyer. E360S has a mission to expand in this dynamic and growing industry and is better positioned to take advantage of new opportunities. At Mullen Group, we are focused on building an end-to-end supply chain solution for shippers, expanding our less-than-truckload network in Canada, adding additional warehouse capacity to meet customers’ demands as well as building our intermodal capacity.”
About Environmental 360 Solutions Ltd.
Founded in October 2018, by industry veteran Donato Ardellini, E360S is dedicated to becoming North America’s leading and most trusted environmental management company. Growing through acquisition and organic initiatives, E360S provides environmental and waste management solutions to municipalities and industrial commercial and institutional customers. E360S is based in Aurora, Ontario, Canada and operates throughout Alberta, Ontario, Quebec, and British Columbia.
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