Environmental 360 Solutions Ltd. (E360S) is pleased to announce it has acquired Cyclone Hydrovac Ltd. (Cyclone) located in Kamloops, British Columbia.
Cyclone Hydrovac was founded in 2010 in Kamloops, B.C., offering excavation solutions for the oil and gas, utilities, transportation, industrial, engineering, and mining sectors. Cyclone specializes in daylighting, slot trenching, utility pole and piling holes, debris removal and cleanups, service and splice pits, pipeline and utility crossing, directional drilling test holes, and are licensed for hazardous waste management and emergency response cleanups. Cyclone has established and maintains strong partnerships with the local Aboriginal bands in British Columbia.
E360S’ CEO, Donato Ardellini said “We are excited to enter the Kamloops market with this acquisition. Cyclone’s founder, Tim Funk, and his management team have built a tremendous business with strong customer relationships and Aboriginal partnerships. We welcome the dedicated Cyclone employees to the growing E360S team. Additionally, we look forward to continuing to provide the high level of quality service Cyclone has been known for and offer the full suite of E360S waste management solutions. This acquisition provides E360S with a market leading position in the Kamloops and surrounding area and will provide a platform for future growth in the region. E360S continues to execute on its goal of becoming Canada’s most trusted environmental management company.”
Cyclone’s founder, Tim Funk, said “When we looked to divest Cyclone, we wanted to ensure that our employees and customers ended up with the best possible outcome. We believe that E360S will continue to provide excellent customer service and uphold the same quality standards we worked so hard to maintain for our valued customers and hardworking employees.”
Additional Information
Miller Thomson LLP acted as legal counsel to E360S and BDO Corporate Finance Inc. provided financial and taxation due diligence services.
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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