What has grown to become CCS Corporation began in 1984 as Canadian Crude Separators Inc. Founded by CCS' current CEO, David Werklund, this successful, privately held enterprise became a publicly-traded common stock company in 1993. Recognizing the investing public's desire for tax-efficient income, Canadian Crude Separators then converted to an income trust in May 2002 and was re-named CCS Income Trust. On November 14, 2007 CCS announced the close of its going-private transaction and converted from an income trust into a corporation and was re-named CCS Corporation.

Throughout its history, CCS has remained focused on its core businesses of providing differentiated services to the oil and gas sector, and has continually pursued opportunities to improve, to grow and to lead.

2010

• In January, CCS welcomed Jeff Long as the Interim Chief Operating Officer. Jeff is the Managing Director of Vestar Capital Partners, one of CCS’ private equity owners.
• In April, CCS welcomed Mark Pytosh as the Chief financial Officer.
• Also in April, CCS welcomed Ian Simister as the President of CCS Midstream Services Canada.

2009

• In April, CCS welcomed Phil Vogel as the President of U.S. Operations.
• On April 28, CCS had a fire at it’s Janvier Landfill. Fire Departments brought the fire under control in less than five hours.
• In July, representatives from all business units began a five year strategic planning process to take CCS successfully into 2014.

2008

• Dave Werklund won the “Industry Legend as Inspiration” category, receiving more votes than anyone in any category. He was voted for by CCS employees and industry representatives.
• Concord Well Servicing was voted the best service rig contractor for 2008.
• Lionhead Engineering completed its first company-owned shop located in Fox Creek, Alberta.
• Normcan joined the HAZCO division because it’s offerings and financial reporting better aligned with the Waste Services division within HAZCO
• Hazco Environmental Services has purchased certain assets offered for sale by Newalta Corporation, and Hazco will continue providing the associated waste collection services.
• HAZCO Environmental Services has purchased Peninsula Waste Water Services (PWWS) located in Victoria and Prince Rupert, BC.
• September 22, HAZCO MidCanada opened the new Transfer Station in Winnipeg
• CCS Corporation acquired Mud King Drilling Fluids. The post closing organization will combine the expertise of Mud King and our current ProDrill Fluid Technologies division under the ProDrill brand.
• Maxen joins as a CCS Company in total alignment with creating tremendous efficiencies not only for CCS transportation needs but for the oil and gas industry as a whole.

 

2007

• On November 14, 2007 CCS announced the close of its going-private transaction and converted from an income trust into a private corporation. Trading of trust units on the Toronto Stock Exchange was halted on November 16, 2007. The company was re-named CCS Corporation.
• CCS Income Trust has entered a definitive agreement for a going private transaction with an investor group led by Mr. David Werklund, the Founder, President and Chief Executive Officer of CCS, and which includes CAI Capital Partners, Goldman Sachs Capital Partners, Kelso & Company, Vestar Capital Partners, British Columbia Investment Management Corporation and O.S.S. Capital Management L.P.
• CCS expands U.S. operations. The Mobley Oilfield Services acquisition closed on March 7. CCS signed a Purchase and Sale Agreement for the assets of Pride Oilfield Services on March 1 and closed before the end of March.

2006

• CCS achieved a significant milestone in the third quarter, surpassing $1 billion in year-to-date revenue for the first time in its history.
• In September 2006, CCS announced its fourth increase to distributions for the year, to 17.5 cents per trust unit (annualized - $2.10 per unit), a year-to-date increase of 46 percent.
• On October 11, 2006 the Trust announced the $10 million acquisition of the operating assets of Lionhead Engineering & Consulting Ltd.
• Also during the third quarter CCS acquired ARKLA Disposal Services Inc. (ARKLA) for approximately $11 million.  ARKLA owns and operates an industrial waste water treatment plant located in the Port of Shreveport, Louisiana.
• The Spirit River TRD commenced operations in July 2006.
• On May 1, 2006 the Trust acquired the operating assets of the Grizzly, Hi-West and Poncho Well Servicing Group (Grizzly) for $280 million. This acquisition expands Concord’s rig fleet by 86 rigs, making Concord the third largest service well drilling fleet in Canada.
• On April 13, 2006, the Trust completed a bought-deal subscription receipt financing, for gross proceeds of $245 million.
• On April 3, 2006 the Trust acquired the operating assets of HMI Industries Inc. (HMI) for approximately $34 million. HMI operates a scrap metal processing facility in Red Deer, Alberta.
• The Brooks, Alberta TRD commenced operations in March 2006 .
• On February 23, 2006, CCS entered the U.S. market through the $22 million acquisition of Environmental Treatment Team (ETT), an oilfield waste processing company based in Louisiana.

2005

• CCS’ record-setting growth continued in 2005 with net income for the year reaching $79.2 million; an increase of 67% over 2004.

• In 2005, CCS acquired the assets of four operating companies for consideration  totaling $17.7 million.
• Monthly cash distributions increased to $0.125 per unit (annualized - $1.44 per unit).
• CCS’ payout ratio of 45% for the twelve months ending December 31, 2005 represents the Trust’s continued commitment to reinvest a significant amount of its cash flow in growth opportunities.
• On February 15, 2005, CCS Income Trust announced a two-for-one trust unit split to unitholders of record for February 28, 2005.
• Operations commenced at the Boundary Lake TRD facility.
  

2004

 

• CCS Inc. acquired 100 percent of the issued and outstanding shares of HAZCO Environmental Services Ltd. The transaction was finalized on December 10, 2004 and is CCS' largest acquisition to date.
• CCS revenues grew by 67 percent year-over-year, to $301 million.
• Funds from operations increased by 54 percent to $1.99 per unit.
• Monthly cash distributions were increased for the fifth time since trust conversion to $0.0925 per unit.
• CCS acquired two new disposal wells, located in Fort Nelson, B.C. and Medicine Hat, Alberta
• CCS added a heavy oil treater at the High Prairie, Alberta TRD facility.
• CCS Energy Marketing division commenced operations in October 2004 to complement the Energy Services division by marketing recovered oil volumes at the Energy Services facilities. The CEM division has brought the marketing resources in-house, thereby capturing the incremental value created through the marketing chain.

2003

• Revenues increased 53% to $180.1 million
• Net income increased 74% to $37.7 million
• Funds from operations were $70.3 million
• Monthly distributions increased from $0.14 per trust unit in April 2003 to $0.165 per trust unit in December 2003.
• Added 14 rigs to the Concord fleet.

2002

• Revenues reached $118.1 million Funds from operations were $47.1 million.
• CCS Income Trust (the Trust or CCS) commenced operations. Holders of common shares of Canadian Crude Separators Inc. exchanged their common shares for either trust units of CCS or exchangeable shares of CCS Inc, the wholly-owned operating subsidiary of the Trust.