Transaction expands City Wide's presence into Central Alberta and creates one of Western Canada's largest towing companies
CALGARY – March 20th, 2017 – City Wide Towing and Recovery Service Ltd., ("City Wide" or the "Company") is pleased to announce that it has acquired the assets of Key Towing & Storage (Alberta) Ltd. ("Key" or "Key Towing"). Founded over 35 years ago, Key is a leading provider of vehicle recovery and storage services in Central Alberta and is the largest operator in the Red Deer region.
The combined entity will have over 125 trucks and vehicles, making it one of the largest towing and recovery operators in Western Canada. Key expands City Wide's presence into Central Alberta, allowing the Company to better serve its existing customer base and capitalize on new growth opportunities.
"We are excited to have Lawrence McArady and his team join City Wide and are looking forward to working with them," said Kim Worster, Chief Operating Officer of City Wide. "By partnering with one of the leading operators in Central Alberta, we are executing on our strategy of building a national towing company," added Rob Voelk, CEO of City Wide.
"City Wide has been providing high quality towing service for its clients in Calgary and across Southern Alberta for over fifty years. We are thrilled with the opportunity to work with such a respected group of professionals," stated Lawrence McArady, owner of Key Towing.
About City Wide
Founded in 1963, City Wide has been the leading provider of recovery services in Calgary, Red Deer and across Southern Alberta. The Company offers towing & recovery, equipment transportation, boosting, lockouts, fuel delivery, tire changes and other specialty services in Calgary, Red Deer, Airdrie, Strathmore and Okotoks. With a fleet of over 125 trucks, the Company provides services to a variety of auto clubs, insurance companies, equipment rental companies, auto dealerships and municipalities.
For further information on this transaction, please contact:
James Johnson
Tel: 416-847-1170
jjohnson@signalhillequity.com
Imran Siddiqui
Tel: 416-847-1172
isiddiqui@signalhillequity.com
For further information on City Wide or Key Towing, please visit www.citywidetowing.com or contact:
Kim Worster
Tel: 403-287-4427
kworster@citywidetowing.com
Rob Voelk
Tel: 403-287-4447
rvoelk@citywidetowing.com