Federal Court of Appeal upholds Competition Bureau’s successful challenge of Secure and Tervita merger

Summary:

The Federal Court of Appeal has upheld the Competition Bureau's challenge of the merger between Secure Energy Services and Tervita Corporation, a merger that was deemed to have led to a substantial lessening of competition in 136 local markets in Western Canada's oilfield waste services. The Competition Tribunal had ordered Secure to sell 29 facilities to resolve the issue, and the Federal Court of Appeal dismissed Secure's appeal with costs. This outcome is expected to protect competition and benefit producers in the Western Canadian Sedimentary Basin.