Tecvalco International Ltd., a manufacturer and distributor of products and services to the gas utility, petroleum, and water industries, is expanding its Lloydminster footprint with an agreement to purchase Guest Controls (2001) Ltd.
The purchase was announced on Monday for an undisclosed sum of money, with the transaction expected to close before the end of 2017.
Guest controls a Lloydminster-based provider of electrical, instrumentation, and combustion solutions for the oil and gas industry, with three service offices in Alberta and Saskatchewan.
The company will continue to operate under the name of Guest Controls (2001) Ltd., and the president and the management team will remain the same.
While Guest will be under new ownership, the company will carry on business as usual.
“The Guest acquisition will provide us with an industry-leading service company that will complement our existing manufacturing and distribution divisions,” said Mike Menger, president and CEO of Tecvalco International based in Niagara Falls, Ontario.
“This acquisition creates tremendous opportunity to drive growth and advancement in multiple facets within our organization.”
Fred Sirett, president of Guest Controls in Lloydminster, said his company has always focused on treating his staff and employees as family.
“I am thrilled that Menger and his companies have these same values,” he said.
“I am truly excited to become part of a larger effort, and to see the benefits that this combined will bring to our customers.”
Tecvalco is also the manufacturer and distributor of Soneera Water Canada Ltd’s wastewater treatment technology being piloted for the town of Unity.
The company has a factory in North Battleford, and six employees in Lloydminster.