Aggreko Acquires ICS Group
The acquisition helps establish Aggreko in the North American heater market
HOUSTON — Aggreko, a global provider of modular, mobile power and related solutions, has entered into an agreement to acquire the assets associated with, and used in connection with, the equipment rental business of ICS Group Inc., a Calgary, Alberta, Canada-based portable climate control services provide.
Founded in 1999, ICS Group produces temporary heating, concrete curing, and ground thawing solutions that cater to many of Aggreko’s key sectors, including construction, oil and gas, industrial, restoration, and event. The acquisition helps establish Aggreko in the North American heater market and provides the company with a 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’re pleased to join Aggreko’s growth strategy for the sectors we’ve 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’ve 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.
Publication date: 9/21/2015