logo
logo

Tornado acquires CustomVac for $28 million

May 19, 2025•about 2 months ago

Acquiring Company

Tornado

Acquired Company

Custom Vacuum Services Ltd

CalgaryNiskuManufacturingManufacturing

Description

Tornado Infrastructure Equipment Ltd. has completed the acquisition of Custom Vacuum Services Ltd. for $28 million. This strategic acquisition aims to enhance Tornado's product offerings and market presence. The deal is expected to create synergies and drive immediate growth. CustomVac's established operations will complement Tornado's existing capabilities in the infrastructure equipment sector.

Company Information

Company

Tornado

Location

Calgary, Alberta, Canada

About

Tornado is a pioneer and leader in the vacuum truck industry and has been a choice of utility and oilfield professionals with over 1,800 hydrovacs sold since 2008. The Company designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. It sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Hydrovac excavation methods are quickly becoming a standard in North America to safely excavate in urban areas and around critical infrastructure greatly reducing infrastructure damage and related fatalities.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Brett hidden

hidden
hidden

Derek hidden

hidden
hidden