CEDA

CEDA

Specialty industrial and environmental services provider

Overview

CEDA provides specialty industrial and environmental services in North America for oil and gas, petrochemical, mining, and power sectors. It uses a fleet of specialized equipment and skilled teams to perform services such as pressure and vacuum work, fluid transport, chemical cleaning, tank maintenance, pigging and decoking, exchanger work, fabrication, and tailings management, delivered through service contracts and project engagements. The company differentiates itself with an integrated, broad service portfolio and a strong safety record to help clients maximize production, reduce risk, and avoid outages. Its goal is to improve customers’ reliability and efficiency while maintaining a safe working environment for its employees.

Significant Headcount Growth

About CEDA

Simplify's Rating
Why CEDA is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Calgary, Canada

Founded

1973

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Simplify's Take

What believers are saying

  • May 2026 Best Managed Platinum status reinforces customer trust and hiring appeal.
  • March 2026 leadership elevation to Hillcore Industrial expands CEDA management influence.
  • July 2026 decoking acquisition broadens cross-sell into higher-margin specialty maintenance contracts.

What critics are saying

  • Oil, mining, and power customers delay outages, crushing project revenue quickly.
  • Hillcore can prioritize portfolio integration over CEDA standalone investment by 2026.
  • A major safety failure on shutdown work would trigger customer losses and liability.

What makes CEDA unique

  • June 2024 Hillcore ownership gives CEDA capital and acquisition backing.
  • CEDA spans 120-plus services across industrial, environmental, and turnaround workflows.
  • July 2026 Decoking, Descaling acquisitions deepen niche maintenance capabilities in Canada and U.S.

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Benefits

Health Savings Account/Flexible Spending Account

401(k) Company Match

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
Newswire
Jun 19th, 2024
Hillcore Group Acquires CEDA

Hillcore Group, a leading Canadian investment firm, completed the acquisition of CEDA from OMERS on June 18, 2024. This acquisition aligns with CEDA's strategic objectives and aims to enhance value for clients. Kevin Fleury, President & CEO of CEDA, expressed excitement about the new opportunities. Greg Tedesco, Managing Director & CFO of Hillcore, emphasized the importance of CEDA's leadership team and welcomed its 1,500 employees. OMERS thanked CEDA for their partnership over the past 19 years.

Catering Insight
Sep 9th, 2023
Former Welbilt sales director Steve Hemsil reveals new assignment

Former Welbilt sales director, Steve Hemsil, will join Ceda in a new role from Monday 11 September.

Catering Insight
Jul 21st, 2023
Ceda launches agile leadership programme for catering equipment sector

Ceda launches agile leadership programme for catering equipment sector.

Catering Insight
Feb 27th, 2023
Advance Group MD steps up to Ceda board role

Advance Group’s managing director Ryan Yeates has joined the board of distributor trade body Ceda.

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