ATCO

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This article is about the Canadian engineering company. For other uses, see Atco (disambiguation).
ATCO Ltd.
Type Public (TSXACO.X)
Founded 1947
Headquarters Calgary, AB, Canada
Key people Ron Southern, Founder
Nancy Southern, Chair, President & Chief Executive Officer
Employees 9,000 (2014)

With more than 9,000 employees and assets of approximately $17 billion, ATCO is a diversified global corporation delivering service excellence and innovative business solutions through leading companies engaged in Structures & Logistics (manufacturing, logistics and noise abatement), Utilities (pipelines, natural gas and electricity transmission and distribution) and Energy (power generation and sales, industrial water infrastructure, natural gas gathering, processing, storage and liquids extraction).

Subsidiaries[edit]

The ATCO Group of Companies includes the following subsidiaries:

History[edit]

ATCO was founded in 1947, by S. Don Southern who gave a minority stake to his son Ron Southern, under the name Alberta Trailer Hire, renting fifteen utility trailers in the Calgary area.[1] As the company's operations grew, they also began to sell trailers, first becoming the Alberta Trailer Company, then ATCO. By the early 1960s, the company had operations across North America and in Australia.

ATCO Industries Ltd. became a public company in March 1968, with shares traded on the Toronto Stock Exchange. During the 1970s, the company expanded into the natural gas and petroleum industries, and into the electricity industry in the 1980s.

In 2004, with the deregulation of the retail energy industry in Alberta, ATCO sold the retail operations of ATCO Gas and ATCO Electric to Direct Energy Marketing Ltd.; ATCO Gas and ATCO Electric still operate as "distributors" (owning and operating the infrastructure that delivers natural gas or electricity in its service territories) but are no longer in the retail market. As part of the sale to DEML, DEML contracted call center and billing services from ATCO I-Tek.

By 2012, ATCO Electric has been split into two divisions: Transmission and Distribution.

References[edit]

  1. ^ Foran, Max (1982). Calgary, Canada's frontier metropolis : an illustrated history. Windsor Publications. p. 280. ISBN 0-89781-055-4. 

External links[edit]