How Does Tervita Company Work?

The company manages a vast network of over 80 facilities across Western Canada and North Dakota. This infrastructure supports a full spectrum of industrial waste handling, from initial collection and processing to recovery, recycling, and final disposal.

SECURE's integrated approach combines critical infrastructure with specialized expertise to offer seamless, end-to-end solutions. This strategy aims to maximize operational performance while minimizing environmental impact for its clients.

In 2024, SECURE successfully recovered 1.2 million barrels of oil from waste, preventing its disposal, and recycled 237 thousand tonnes of scrap metal. The company processes approximately 219 thousand barrels of wastewater daily, with about 80% to 85% originating from ongoing oil production.

Clients benefit from improved compliance and reduced administrative burdens through digital tools like the WiQ application. The company's business model emphasizes recurring revenue and pipeline operations, contributing to its operational stability.

The merger with SECURE Energy Services Inc. in July 2021 was a pivotal milestone, creating a combined entity valued at approximately $2.3 billion. This integration was designed to achieve substantial annual cost savings, with $40 million realized by the end of 2021 and an additional $35 million anticipated in 2022.

Following the merger, competition concerns led to the mandated sale of 29 facilities. In February 2024, Waste Connections Inc. acquired a portfolio of 30 energy waste treatment and disposal facilities for CAD$1.075 billion, enabling a more focused approach on core infrastructure businesses.

The company's competitive edge is significantly derived from its extensive infrastructure network, comprising over 80 facilities and landfills across Western Canada and North Dakota. This integrated system facilitates efficient waste management and energy infrastructure solutions.

A strong commitment to sustainability is demonstrated by an 18% reduction in GHG emission intensity since 2021. The company also focuses on resource recovery, such as oil and scrap metal recycling, and continues to pursue strategic growth through acquisitions, like investments in metals recycling in Q1 2025, supported by a projected $125 million organic growth capital program for 2025. Understanding Tervita's operational processes is key to appreciating its market position.

SECURE holds a leading position in the North American industrial waste management market, which was valued at USD 30.33 billion in 2024 and is expected to grow to USD 41.35 billion by 2029. This growth reflects the increasing demand for specialized waste handling and environmental solutions.

The company faces risks such as changes in regulations and fluctuations in commodity prices within the oil and gas sector. New competitors and technological advancements also present potential challenges to its operations and revenue streams.

SECURE anticipates strong performance, projecting its 2025 Adjusted EBITDA between C$510 million to C$540 million, indicating a 10% growth. The company is investing in organic growth and share buybacks to enhance shareholder value.

Future plans include a C$125 million capital program for 2025, focusing on high-value waste and energy infrastructure projects, including metals recycling. This strategy aims to transform waste into value and support industrial sustainability.