Aggreko Acquires ICS Group
2 September 2 2015: Houston and Calgary – Aggreko, the leading global provider of modular, mobile power and related solutions has entered into an agreement to acquire substantially all of the assets associated with, and used in connection with, the equipment rental business of ICS Group, Inc. ("ICS"), a leading provider of portable climate control services in Canada.
Founded in 1999 in Alberta, ICS Group is well known for their temporary heating, concrete cure, and ground thaw solutions that cater to many of Aggreko’s key sectors including construction, oil & gas, industrial, restoration & event sectors. The acquisition will not only establish Aggreko in the North American heater market, it will also provide the company with geographic footprint in cities such as Calgary and Winnipeg where it does not currently operate.
“This acquisition combines the strength of two market leaders to give our customers an unparalleled range of equipment and services options,” said Bruce Pool, Managing Director, Aggreko North America. “It also gives Aggreko an opportunity to further support our rapidly expanding customer base within critical Canadian cities and their surrounding areas.”
Aggreko’s acquisition of ICS Group will add more than 60 experienced and skilled employees and more than 2,100 fleet assets.
“We are pleased to join Aggreko’s growth strategy for the sectors we have served since our company’s inception,” said Ken Kachur, Senior Partner, ICS Group. “Aggreko shares the same passion, can-do attitude, and commitment to available inventory, equipment reliability and service excellence that we have built our reputation around.”
Following a period of transition, Aggreko plans to fully integrate the operations of ICS with its Western Canada business before developing expansion plans to enter other areas within North America.
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