Accede Energy Services opens second valve shop
A Blackfalds-based energy company that came into existence less than three years ago continues to grow rapidly.
Accede Energy Services Ltd. recently opened a valve shop in Blackfalds, marking the second location of its Wizard Valve Services division. The other is in Edson.
This spring, Accede also acquired Latmann Equipment Ltd., a Calmar company that provides power generation equipment to the oil and gas sector. And before that it established a communications division that specializes in such equipment as portable towers, rig phone systems, and handheld, in-vehicle and base station radios.
The Accede group of companies now consists of Wizard Valve Services, Latmann Equipment, JET Rentals, Accede Fire and Safety, and TNT Energy Services. It has shops in Blackfalds, Calmar and Edson, and employs nearly 60 full-time staff — plus 20 to 30 more on a seasonal basis, said Kris Fleckenstein, Accede’s vice-president and chief financial officer.
“Through acquisitions and organic growth, it has been extraordinarily rapid growth,” said Fleckenstein, hinting that there could be more to come.
“We’re always looking for other opportunities and potential for growth.”
Accede was founded in December 2010 by Fleckenstein, Gord Fritz and Jim Todd. Its business model emphasizes employee ownership and operation.