Budget Waste Inc. (PINKSHEETS: BDGW) today announced that it has completed the acquisition of 4M Water Hauling Ltd. With a 7-year history of exceptional service and a wealth of knowledge in the oilfield services industry, 4M is the dominant provider of water truck services in the Edson region. 4M provides drinking and freshwater to drilling and service rigs, mines, residential, and forestry operations as well as water filtration services, water storage tanks, dust control, and fire fighting services. With a fleet of up to 15 trucks and a service area that covers the areas of Edson, Hinton, Grand Cache, and a service corridor surrounding the Calgary area, 4M has increased sales volumes to over $4,000,000.00 annually. Maintenance and storage is facilitated in a company-owned property of 5 acres with a 22,000 sq.ft. fully equipped shop and office facility located in Edson.
BWI has water hauling operations in place throughout Alberta; the addition of 4M will bring valuable knowledge and experience to BWI and increase the customer base and revenue generating capacity of this division.
Rick Muir, former president of 4M and now a member of the BWI team, states, “I believe that there is strength in numbers. This acquisition will bring strength to BWI and allow us to expand services and also provide better, more complete services to our customers while operating in an ever increasing service area.”