City Wide Towing & Recovery Service Ltd., a portfolio company of Signal Hill Equity Partners, has acquired most of the assets of Capital Towing and Recovery Inc. Financial terms were not disclosed.
Devon Poole, founder of Capital Towing, has joined City Wide as Operations Manager (Edmonton Branch) as part of the transaction.
Founded in 2012, Capital Towing is a leading provider of towing and recovery services, with coverage of Edmonton, Sherwood Park, and their surrounding areas.
The acquisition of Capital Towing strengthens City Wide’s footprint in the Edmonton area, where the Company was recently selected by the City of Edmonton to provide towing services required by the Edmonton Police Service.
“The addition of Capital Towing is another step in our plan to build City Wide into a leading national company. We are extremely pleased to partner with Devon Poole and his team, who share our commitment in providing customers with excellent and timely service,” said Rob Voelk, CEO of City Wide.
“I am excited to join City Wide and believe that we are well positioned to take advantage of further growth opportunities in Edmonton, Sherwood Park, and across Western Canada,” said Devon Poole.
Capital Towing and Recovery is the second add-on acquisition by City Wide Towing & Recovery Service since its acquisition of Signal Hill Equity Partners in 2015.
In March 2017, City Wide Towing & Recovery Service acquired the assets of Key Towing & Storage (Alberta) Ltd., a leading provider of vehicle recovery and storage services in Central Alberta and is the largest operator in the Red Deer region.
photo credit: City Wide Towing