Competition Bureau approves Waste Connections as buyer of 29 Secure facilities to resolve competition concerns

Summary:

The Competition Bureau has approved Waste Connections, Inc.'s affiliate, R360 Environmental Solutions Canada Inc., as the buyer of 29 facilities owned by Secure Energy Services, a provider of oilfield waste services, to resolve competition concerns. The facilities include treatment, recovery, disposal sites, water disposal wells, landfills, and caverns. The sale is a result of the merger between Secure and Tervita Corporation in 2021, which led to a substantial lessening of competition in the Western Canadian Sedimentary Basin. The Bureau is satisfied that the sale will reintroduce competition for oilfield waste services, benefiting businesses that rely on these services.