08:53:24 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Atco Ltd
Symbol ACO
Shares Issued 99,733,891
Close 2024-01-09 C$ 38.53
Market Cap C$ 3,842,746,820
Recent Sedar Documents

Atco acquires Fire Prevention Services 2016

2024-01-09 07:58 ET - News Release

Mr. Jim Landon reports

ATCO FRONTEC ADDS NEW BUSINESS LINE WITH PURCHASE OF FIRE PREVENTION SERVICES

Atco Ltd.'s Atco Frontec has acquired Fire Prevention Services 2016 Ltd. (FPS), a full-service fire inspection, testing and maintenance company with operations in the Northwest Territories, Nunavut and Alberta. FPS will operate as a new business line for Atco Frontec within Canada.

"This acquisition extends Frontec's offering as an operational support services provider for government, defence and commercial clients," said Jim Landon, president, Atco Frontec. "Fire prevention and protection is a critical service for facilities and infrastructure, and we look forward to growing this business line."

Originally established in Yellowknife in 2000, FPS serves over 3,500 clients with buildings and facilities throughout the Northwest Territories, Nunavut and Alberta. Its team of about 30 employees provides a suite of services that includes designing and supplying suppression and sprinkler systems, alarm systems, fire pumps, extinguisher training, and inspection consulting and auditing. With extensive experience working in the North, the FPS team is able to overcome the challenges of cold weather, logistics and isolation to deliver services to the most remote projects and communities.

Atco Frontec has been operating across Northern Canada since 1987, supporting the government of Canada, the Department of National Defence, the government of Nunavut, and commercial clients with facility operations and maintenance, fuel management, site services and remote work force housing.

About Atco Ltd.

Atco and its subsidiary and affiliate companies have approximately 19,000 employees and assets of $25-billion. Atco is a diversified global corporation with investments in the essential services of structures and logistics (work force and residential housing, innovative modular facilities, construction, site support services, work force lodging services, facility operations and maintenance, defence operations services, and disaster and emergency management services); utilities (electricity and natural gas transmission and distribution, and international operations); energy infrastructure (energy storage, energy generation, industrial water solutions and clean fuels); retail energy (electricity and natural gas retail sales, and whole-home solutions); transportation (ports and transportation logistics); and commercial real estate.

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