​Tervita closes merger with Newalta, to commence trading on TSX

Image: Tervita

Privately-held Tervita Corporation will commence trading on the TSX in a matter of days, following Thursday's close of its merger with Newalta Corporation.

The transaction, announced in March, unites two prominent environmental service firms supporting Canada's oil and gas industry.

The new joint company will provide waste processing, treating, recycling and disposal services, with 115 operating locations, approximately 2,000 employees and approximately 1,000 customers.

The new Tervita expects approximately $40 million to $45 million in annual synergies within two years, with associated one-time costs of $15 million to $20 million, the companies said in March.

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