Acquisition of W.I.S.E. Environmental Solutions
US Ecology, Inc. today announced that it has acquired all of the stock of W.I.S.E. Environmental Solutions Inc. (WISE), an equipment rental and waste services company based in Sarnia, Ontario, Canada. The new US Ecology Sarnia facility will complement our existing fixed facilities in Michigan and Canada and allow us to better provide a full range of environmental, field and industrial services to customers in the region.
WISE, located approximately 65 miles northeast of Detroit and 65 miles north of US Ecology Tilbury, offers equipment rental and repair, transportation services, 24-hour emergency service, waste disposal, and tank and box cleaning services throughout Ontario. The acquisition provides entry into the container rental market and strengthens our environmental service offering in the important Ontario market.
“WISE will act as a stepping stone as we look to expand our environmental services within Ontario and throughout the rest of Canada,” commented Guy Thibault, Vice President, US Ecology in Canada. ”We believe there is a significant opportunity to leverage WISE’s customer base and footprint to help penetrate the emergency response, light industrial service, and disposal markets, better meet the needs of our current customers, and extend the reach of our Quebec, Ontario, and Michigan based operations. The acquisition also positions us to take advantage of the recent regulation changes regarding the handling of hydro-excavation muds. Our expanding commitment to the Canadian market should provide growth opportunities across our Environmental Services and Field and Industrial Services businesses.”