|Type||Public (TSX: ACO.X)|
|Headquarters||Calgary, AB, Canada|
|Key people||Ron Southern, Founder
Nancy Southern, Chair, President & Chief Executive Officer
ATCO Ltd. (TSX: ACO.X) is an Alberta based company with more than 9,400 employees and assets of approximately $16 billion that delivers service excellence and innovative business solutions worldwide with leading companies engaged in Structures & Logistics (manufacturing, logistics and noise abatement), Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction) and Technologies (business systems solutions).
The ATCO Group of Companies includes the following subsidiaries:
- ATCO Electric (delivers electricity in Alberta, Yukon (as Yukon Electrical Company), and the Northwest Territories (as Northland Utilities)
- ATCO Gas (delivers natural gas in Alberta)
- ATCO I-Tek (information technology, billing, customer care)
- ATCO Energy Solutions (natural gas processing and storage)
- ATCO Pipelines (transports natural gas throughout Alberta)
- ATCO Power (electricity generation)
- ATCO Structures & Logistics (manufactures, leases, and sells modular buildings; created by the joining of ATCO Frontec and ATCO Noise Management)
- ATCO Sustainable Communities (sustainable infrastructure solutions for remote and Aboriginal communities)
- ATCO Australia (includes ATCO Gas Australia, ATCO Power Australia and ATCO I-Tek Australia
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. 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. This split between "retailer" and "distributor" has proved to be confusing to many Alberta consumers, many of whom have interpreted the change as meaning that Direct Energy now owns ATCO.
By 2012, ATCO Electric has been split into two divisions: Transmission and Distribution.
- Foran, Max (1982). Calgary, Canada's frontier metropolis : an illustrated history. Windsor Publications. p. 280. ISBN 0-89781-055-4.