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Company Report: Quantum Murray LP |
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Quantum Murray LPQuantum Murray has used acquisitions and its experienced management team to build a full service decommissioning company serving Canada from coast to coast
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- Name: Quantum Murray LP
But now that the baby has matured and grown, the next test is integrating the company's acquisitions to form a unified whole.
"Murray Demolition - which is now called Quantum Murray - started six years ago as a demolition company serving the industrial and commercial sectors primarily in Ontario," says Shawn Murray, president of Quantum Murray.
"About five years ago we acquired another Canadian demolition company, and we held those assets and retained its employees. At the time, in our first year, we had sales of $18 million, but with this acquisition we expanded our company across Canada into Quebec and Alberta, and grew to be a $65 million company. All of that growth was done internally," Murray says.
The company made its next growth spurt about a year ago, he explains, when Murray Demolition merged with Quantum Environmental Group to form Quantum Murray LP.
The two companies had a number of complimentary capabilities, which includes Quantum's enhance environmental abatement services as well as its geographical reach.
Combined, the companies comprised two-thirds of what one would consider a full service decommissioning outfit with a national reach.
"Then about two months ago we acquired Thomson Metals, which means that we have now grown into a more than $200 million company with 900 employees," says Murray.
He goes on to add that in order to facilitate both the Quantum and Thomson transactions the company brought in a financial partner.
"In order to financially undertake these acquisitions we brought in Newport Partners Income Fund, which has helped fund these acquisitions as a partner," says Murray.
In six years the company has gone from its single mission - demolition - to be a full service decommissioning company with its base in Toronto and facilities in Burlington, Ontario; Hamilton, Ontario; Calgary, Alberta; Edmonton, Alberta; and a regional sales office in Ottawa, Ontario. The largest locations for its fleet of equipment and vehicles are in Ontario, Alberta and British Columbia.
"We can break our equipment down at any facility and ship them via train to any location in Canada," says Murray. "This is a critical component of our capabilities because we have about 50 contracts going at any one time."
Asked what has helped facilitate such rapid growth, Murray points to his years of experience and the relationships with other professionals he has been able to build.
"I have been in the business for about 23 years, and over the last 16 years I have largely worked with the same people," he says. "Having these people as management has helped a lot in getting the company together. It made team building fairly easy because the team was already there.
"I suppose you could say I am fairly weathered in the demolition business," he notes.
Services offered by the company include commercial and industrial demolition, asbestos and mold abatement, site remediation, and ferris and non-ferris recycling.
Demolition includes structural and interior demolition to buildings, bridges, emission stacks, incinerators, etc.
Environmental remediation services handled by the Quantum leg of the triad includes transport of hazardous and non-hazardous soil, construction debris, PCB waste, liquid and industrial waste, storage tank removal and restoration, groundwater treatment, vacuum truck services, onsite screening of soil and Brownfield remediation.
Recycling
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