QUANTUM MURRAY INTRODUCES NEW OWNER
Continuity of existing management and resources of new owner will enhance QM’s strong upward trend and set a new standard of safety and customer service for environmental and industrial services providers
TORONTO, Ontario (March 24, 2016) – Quantum Murray (“QM Environmental”) is pleased to announce Wes Hall, one of Canada’s most innovative entrepreneurs and leading businesspeople, has acquired the company as part of a transaction with Tuckamore Capital Management (TSX:TX)(TSX:TX.DB.B). The transaction, previously announced on March 4, 2016, with the sale closing on March 22, 2016, will enhance QM’s continued long-term growth and stability.
“I made this investment because of QM’s strong track record of safety and experience, as well as the opportunity to work with the highly qualified and committed QM team to further enhance the company’s upward trajectory,” said Wes Hall. “Ensuring the senior management team and Adrian were as committed as I am to helping QM take its next big step was important to me and provides our customers and suppliers with continuity going forward.”
Adrian Montgomery, QM’s CEO, has a commitment to remain with the company for a minimum of three years. In addition, all senior management team members will stay in place and have committed to the future success of QM.
“Wes’ single ownership model coupled with the ongoing dedication and commitment of our senior management team provides the stability and resources needed to take QM to the next level,” said Montgomery. “Wes has a track record of building great companies but more importantly building great teams of people. The financial prowess he brings coupled with our top management team means a new level of service excellence for our customers and growth for our company.”
QM is also happy to announce the continued support of its existing banking, bonding, and insurance relationships that will ensure the long-term financial stability of QM. This continuity will also ensure the ongoing high level of support for customers and contracts for whom our partners have come to rely on QM.
About QM Environmental
With a history spanning more than 30 years, QM has established a reputation as a leading Canadian environmental and industrial services provider. We've become known for our highly responsive services and ability to mobilize quickly in any situation, whether an emergency or complex project. Our integrated service model provides both the scalability and flexibility to offer everything from specialized services to comprehensive, end-to-end solutions.
This work is carried out by the best in the business. With more than 700 team members in locations across the country, our people are highly experienced, committed to the success of our clients and fully dedicated to Health & Safety, integrity and quality. In addition, we've developed an extensive and trusted network of suppliers, sub-contractors, consultants and First Nations partners. Together we are well positioned to meet the diverse needs of our clients.
About Wes Hall, ICD.D
Expert. Innovator. Entrepreneur. With over 20 years of experience in corporate governance and shareholder communications, Wes Hall has established himself as the preeminent leader in shareholder advisory services and proxy solicitation as the CEO and Founder of Kingsdale Shareholder Services. Wes founded Kingsdale in 2003 to provide clients with best-in-class services for communicating with shareholders and managing any transaction or event that requires a shareholder vote. Under Wes’ leadership Kingsdale has set itself apart by delivering an unparalleled track record of success for North America’s biggest names including: Air Canada, Barrick, BHP Billiton, Citigroup, CN, CP, Encana, Goldcorp, Talisman, Suncor and Sprott. He has been sought out to lead some of the highest profile deals and proxy contests in North America. He is currently a director of SickKids Foundation and former Chairman of the Board of Difference Capital Financial, former Director of Equity Financial Holdings Inc., Longford Energy, Wellgreen Platinum Ltd. and the Exempt Market Dealers Association of Canada. He has earned the Ernst & Young Entrepreneur of the Year 2009 award for Ontario. Wes has successfully completed the directors’ education program offered by the Institute of Corporate Directors (ICD) in partnership with the Rotman School of Management, University of Toronto.
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