Clearford Water Systems
Clearford is engaging in a new business strategy that would see the firm offer a full suite of water and wastewater solutions to municipalities and private developers, much like a utilities operator.
To navigate the complicated purchase, Clearford called upon the dedicated team of business lawyers at Perley-Robertson, Hill & McDougall LLP/s.r.l.
Local firm is also working with infrastructure arm of Indian conglomerate Tata Group to identify new projects
Local clean-tech firm intends to purchase other businesses to bolster newly-acquired divisions
Toronto subsidiary remains a bright spot as Ottawa firm continues to tout turnaround plan
The 2017 Forty Under 40 recipient is one of the local businesspeople who have recently accepted a new job.
The company installed a sanitation system at a mobile home park near Kemptville after residents were handed eviction notices when the park’s owner failed to comply with sewage treatment regulations.
Company wants to end its reliance on subcontractors by acquiring companies capable of bringing its wastewater treatment operations and services in-house.
The announcement comes as long-time chairperson Rob Bryden departs the firm and after leadership expressed uncertainty in the future of the clean-tech firm.
Unprofitability, cash-flow concerns cast 'significant doubt about the company’s ability to continue as a going concern in the near term'