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CEDA Acquires R. McKenzie Welding and Fabrication Ltd

CALGARY, AB – CEDA International Corporation (CEDA) is pleased to announce the strategic acquisition of R. McKenzie Welding and Fabrication Ltd. (R. McKenzie).

Founded in 2008, R. McKenzie is a full service fleet welding and fabrication company based in Fort McMurray, Alberta. R. McKenzie is comprised of 13 employees whose primary business is delivering fleet welding and fabrication services to clients operating in the oil sands industry in northern Alberta. All R. McKenzie employees will join CEDA and continue to play an integral role in our operations for years to come.

“We’re acquiring a strong business with excellent people and we are working closely with their employees to ensure a smooth transition,” explains Bruce Rintoul, President and CEO of CEDA. “This deal is strategically aligned with our vision for growth and will strengthen our reputation as the premiere provider of industrial services to the oil sands market in northern Alberta.”

“This an excellent opportunity for our company to follow through on our growth plans for the future,” says Robert McKenzie, President of R. McKenzie. “We wanted to enhance our position in the market, move forward with human resources initiatives and gain access to innovative technologies. Joining CEDA will help us achieve these goals. Furthermore, the transition will be seamless from a customer standpoint as all our people will remain on board,” adds McKenzie.

Joining CEDA will enable R. McKenzie employees to advance their career through ongoing training, personal development and career advancement opportunities within the CEDA Group of Companies. In addition, all employees will be rewarded with an extensive Total Rewards Program encompassing market based compensation, comprehensive benefits to meet the needs of their families; and a company matched retirement savings plan.

R. McKenzie will operate as a Division of CEDA Specialty Services under the continued leadership of Ron McKenzie reporting directly to Blair Tomkinson, Vice President. CEDA completed the necessary due diligence aspects of the R. McKenzie acquisition with the support of its owner, OMERS, one of Canada’s leading pension funds.

CEDA International Corporation is one of the largest providers of specialized industrial maintenance, turnaround and construction services in North America. Since 1973, clients have relied on CEDA to deliver outstanding technical services that optimize their investments, improve their competitive position and increase their longterm success. CEDA has more than 2200 talented and passionate people who are committed 24/7 to delivering world class service through innovative technologies, equipment and processes, safely every time. CEDA is comprised of several subsidiary companies and has more than 30 offices throughout Canada and the United States.

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