Calgary, Alberta, May 15, 2017 – Resource Merchant Capital (“RMC”) today announced it has partnered with ATB Capital (“ATB”) to invest in two Alberta-based waste management companies, Stony Mountain Waste Management Ltd. (“SMWM”) and CWD Waste Solutions Inc. (“CWD”).
The companies were amalgamated on March 1, 2017 in conjunction with the investment to create a single entity with a broader service offering, greater financial and operational capacity, and enhanced geographic and sector diversification.
“We see excellent growth prospects in the waste management space and our newly-merged platform company is very well-positioned to compete for these opportunities,” said Kevin Rowand, Managing Director of RMC. “We are also excited to be partnering with the talented and professional team over at ATB Capital. Together with management, we have the ability to create the next major player in the Alberta waste management industry.”
SMWM is based in Conklin, AB and primarily services clients operating in the oil and gas and industrial sectors in Northern Alberta, while CWD is based in Edmonton, AB and primarily services clients operating in the commercial and municipal sectors in the greater Edmonton area.
“We’ve had the pleasure of working with RMC over the past year to develop our growth strategy and help evolve our business model and we look forward to their continued strategic and financial guidance as our equity partner,” said Shawn Daschuk, President of SMWM. “This transaction is the first major step in our transformation plan and brings together the resources and expertise of four talented organizations that will help build the capabilities and capacity to meet the ever-evolving needs of our clients.”
The companies intend to consolidate under a common brand (to be announced) but will continue to operate under the CWD and SMWM brands in their respective markets during the transition period.
For more information contact:
Resource Merchant Capital
About Resource Merchant Capital:
Resource Merchant Capital (www.resourcemc.com) is an Alberta-based, private capital firm focused on oil and gas product and service companies. RMC partners with technology-focused companies to build world class businesses that drive significant wealth for founders, entrepreneurs, leaders and shareholders.
About ATB Capital:
ATB Capital is a recently formed private equity fund of ATB Financial. Dubbed as a new ‘blue collar private equity’ offer for those established profitable businesses that have opportunities to grow but are held back by a need for unconventional capital.
About CWD Waste Solutions Inc:
CWD provides waste disposal services to construction contractors and other commercial businesses in the greater Edmonton area.
About Stony Mountain Waste Management Ltd.
SMWM provides waste disposal services to oil sands, industrial, commercial, and municipal clients in Fort McMurray, Conklin and the surrounding areas.