WesternOne Inc., parent company to WesternOne Rentals & Sales, posted consolidated fourth quarter revenue of CDN $103.8 million (about U.S. $93.6 million) compared to $54.5 million for the same period in 2012, nearly doubling its revenue. For the full year, total revenue was $377.6 million, compared to $217.8 million in 2012, a 73.4-percent leap. Contributions from a new branch in Fort McMurray, Alberta, launched in the fall of 2013 contributed to the growth.
WIS, WesternOne’s infrastructure services division including equipment rental, posted fourth quarter revenue of $23.7 million, representing year-over-year organic growth of 28 percent. Higher fleet utilization and rental rates and continued demand for equipment and related services in Western Canada’s construction and infrastructure sectors also were major factors in the revenue increase.
Britco, WesternOne’s modular construction and rental division, record Q4 revenue and adjusted EBITA of $80.1 million and $3.1 million, respectively. Last month, Britco announced it would be an official sponsor of the 2015 Canada Winter Games as the exclusive modular building supplier for the event that will be held in Prince George, B.C. from Feb. 15 to March 1, 2015.
“2013 marked a year of strong organic growth in our WIS platform in Western Canada, as we achieved double-digit growth in our operating results due to fleet investments and expansions into new niche markets,” said CEO Rob King. “During the year Britco significantly expanded its capability to execute turnkey workforce accommodations projects and achieved success in securing major projects in Western Canada while continuing to grow its business in the United States. We are excited about 2014 as we continue to execute our long-term strategic plan that is focused on growth in the energy, construction and infrastructure sectors.”
Based in Vancouver, B.C., Canada, WesternOne Rentals & Sales is No. 48 on the RER 100.
