Cam-Tel Line Locating

Telecon has acquired Cam-Tel Line Locating.

Industry:

Utilities

Telecon has acquired Cam-Tel Line Locating. MNP Corporate Finance Inc. acted as exclusive financial advisor to Cam-Tel Line Locating in structuring and negotiating this transaction.

Transaction Brief

This transaction has allowed the shareholders of Cam-Tel Line Locating (Cam-Tel) to implement their succession strategy while ensuring the continued growth and success of the business. With this strategic acquisition, Telecon Inc. (Telecon) is able to further expand and strengthen its presence in Western Canada and become a recognized locating market leader nationwide.

Headquartered in Edmonton, Alberta, Cam-Tel has leveraged its 150 employees to provide Western Canada’s infrastructure owners with safe, efficient and cost-effective locating services since 1995. The company is an active member of the Alberta Common Ground Alliance and is actively involved in the development and improvement of the damage prevention industry. It completes over 100,000 Alberta One Call locate requests annually for customers including ATCO, EPCOR, FortisAlberta and TELUS Communications.

Founded in 1967 and headquartered in Montreal, Quebec, Telecon is Canada’s leading telecommunication network services provider. The company leverages its national presence, 3,250 employees, client relationships and 50-year history to offer industry-leading design, locate, infrastructure and connectivity solutions to telecommunication companies and corporate clients nationwide.