SECURE Energy Services
SECURE Energy Services is a Calgary-based, TSX-listed (TSE:SES) provider of integrated industrial waste management, specialty chemicals, and energy infrastructure services to upstream and midstream oil and gas producers across western Canada and North Dakota, operating 80+ facilities.
- Company typePublic
- Founded2007
- HeadquartersCalgary, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What SECURE Energy Services does
SECURE Energy Services Inc. is a Calgary-headquartered, TSX-listed (TSE:SES) provider of integrated industrial waste management and energy infrastructure services to upstream and midstream oil and gas producers across western Canada and North Dakota. Founded in 2007 and operating with 1,800+ employees across 80+ facilities and landfills, the company runs an end-to-end service stack — collect, process/recover, and dispose — anchored by licensed hazardous-waste handling capabilities (including NORM disposal) and complemented by specialty chemicals (SlickFix, Extendrill, emulsion breakers, paraffin and corrosion inhibitors), drilling fluid technologies, metals recycling, biogas capture, and pipeline integrity services.
Revenue is generated through transaction-based and contracted service fees tied to waste volume, type, hazardous classification, and processing complexity, with additional income from proprietary specialty chemical sales and metals recycling. The customer base is heavily concentrated in the oil and gas vertical, including Baytex Energy, Keyera, Pembina Pipeline, Tamarack Valley, Gran Tierra, Paramount Resources, ARC Resources, NuVista, and other Western Canadian E&P and midstream operators. WiQ, a separate affiliate, extends the company's footprint into digital waste-tracking software.
Strategically, SECURE is at an inflection point: in November 2025 it raised CAD $300M in senior unsecured notes, and in 2026 GFL Environmental Inc. announced an acquisition at a roughly 23% premium to the 60-day VWAP, subject to shareholder approval (May 27, 2026) and Competition Bureau review. The combination would expand and densify SECURE's Western Canadian footprint within a larger North American environmental services platform.
SECURE Energy Services firmographics
Firmographics- Name
- SECURE Energy Services
- Legal name
- SECURE Energy Services Inc.
- Website
- https://secure.ca
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- SECURE Energy Services is a Calgary-based, TSX-listed (TSE:SES) provider of integrated industrial waste management, specialty chemicals, and energy infrastructure services to upstream and midstream oil and gas producers across western Canada and North Dakota, operating 80+ facilities.
- Ownership category
- akta.pro rank
SECURE Energy Services industry classification
Industry- Product category
- Industrial Waste Management & Energy Infrastructure Services
- NAICS
- Security Systems Services (except Locksmiths) (561621), Utilities (22), Water, Sewage and Other Systems (2213)
- SIC
- Refuse Systems (4953), Electric, Gas & Sanitary Services (4900), Sanitary Services (4950)
- akta.pro primary industry
- Secure Destruction & Confidential Waste (Paper/Product Destruction—Non-hazardous) (EUAIAGAJ)
Keywords
Where SECURE Energy Services is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices14 records
Markets served
SECURE Energy Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Waste Management Services: Collection, processing, treatment, and disposal of industrial waste including hazardous materials, hydrocarbon waste, and associated waste streams from oil and gas operations. Revenue is generated through service fees based on volume, type of waste, and processing requirements.
- Specialty Chemicals: Sale of proprietary chemical products including drilling chemicals, production chemicals, and specialty formulations for oil and gas operations. Products include emulsion breakers, paraffin inhibitors, corrosion inhibitors, and other specialty additives.
- Energy Infrastructure: Midstream infrastructure services including hydrocarbon storage, processing, and transportation support services for oil and gas producers.
- Metals Recycling: Processing and recycling of ferrous and non-ferrous metals from industrial sources, including specialized metals recycling with rail services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Contract-based industrial services pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
SECURE Energy Services product offering
Product offeringCore offering
SECURE Energy Services provides integrated industrial waste management and energy infrastructure solutions for the upstream and midstream oil and gas sector in western Canada and North Dakota. The company operates a network of 80+ facilities and landfills offering waste collection, processing, recovery, and disposal services, supplemented by specialty chemicals, drilling fluid technologies, NORM handling, metals recycling, and energy infrastructure services.
Product overview
SECURE Energy Services operates as an integrated waste management and energy infrastructure company offering end-to-end solutions for industrial waste across western Canada and North Dakota. The core offering consists of Waste Management services (collect, process/recovery, dispose) and Energy Infrastructure, supported by specialized product lines including Specialty Chemicals (Production Technologies, Drilling Technologies), Metals Recycling, and niche services such as NORM handling, Biogas, Turnaround Services, and SlickFix pipeline solutions. The company runs 80+ facilities and landfills, serving upstream and midstream oil and gas producers. WiQ operates as an affiliate digital platform for waste tracking. The portfolio functions as a unified infrastructure network rather than a modular software platform, with physical operations and service delivery as the primary business model.
Differentiator
Problem solved
Functional benefit
Brands
- WiQ: Water treatment technology platform
- SlickFix
- Extendrill
- SECURE Metals Recycling
- SECURE NORM
Products and services
- Waste Management Services Fully integrated industrial waste management network combining collection, processing, recovery, and disposal services across 80+ facilities and landfills in western Canada and North Dakota, serving oil and gas and industrial clients.
- Energy Infrastructure Energy infrastructure services including storage, terminal operations, and pipeline-related services supporting upstream and midstream oil and gas producers.
- Specialty Chemicals Chemical products and services including production enhancement chemicals, emulsion breakers, and paraffin control solutions for oil and gas operations.
- Production Technologies Laboratory testing and production chemistry services including treatment optimization and quality assurance for oilfield operations.
- Drilling Technologies Drilling fluid technologies and services including Extendrill services, solids control, and drilling waste management for oil and gas drilling operations.
- Metals Recycling Industrial metals recycling services accepting ferrous and non-ferrous metals, equipment, and vehicles at multiple locations across western Canada.
- Collect Waste collection services providing various bin types, containers, and roll-off services for industrial and commercial waste streams.
- Process + Recovery Waste processing and resource recovery services that transform industrial waste into valuable secondary products.
- Dispose Safe disposal services including landfill operations and treatment solutions for various industrial waste streams.
- SECURE NORM Services Naturally Occurring Radioactive Material (NORM) handling, testing, and disposal services for oilfield operations.
- SECURE Turnaround Services Specialized waste management services for refinery and plant turnaround and shutdown maintenance periods.
Quantifiable outcome
- 34% EBITDA margin with 50%+ free cash flow conversion
- +2 more outcomes
Companies that use SECURE Energy Services
Customer profileNamed customers11 records
Segments2 records
Ideal customer profiles2 records
SECURE Energy Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
SECURE Energy Services partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- GFL Environmental Inc.coreGFL Environmental Inc. is acquiring SECURE Waste Infrastructure Corp. in a transaction offering approximately 23% premium to the 60-day VWAP. The deal is subject to Competition Bureau review (expected 3-5 months) and shareholder vote on May 27. This represents a significant strategic acquisition that will expand and densify GFL's Western Canadian footprint.
- Indigenous Communities and BusinessescoreSECURE has built lasting relationships with Indigenous communities and businesses since inception in 2007. The company pursues respectful engagement and provides opportunities for increased economic participation, creating impactful partnership agreements aligned with corporate community pillars.
- DRFN (Dennyne? River First Nation)minorPartnership agreement with theDRFN community as part of SECURE's commitment to Indigenous economic inclusion and respectful engagement.
- Classroom ChampionsminorSECURE is a Gold Sponsor for Classroom Champions as part of the Energizing Communities Collective partnership, supporting youth education initiatives.
- 4-H Alberta - Metals4Good ProgramminorSECURE partners with 4-H Alberta to launch the Metals4Good program supporting youth development through metals recycling education.
- Katal Energy ServicesminorSustainable partnership building relationship with Katal Energy Services for industry collaboration.
- STARS (Shock Trauma Air Rescue Society)minorSECURE became allies with STARS to support life-saving helicopter air ambulance services in Canada.
- United WayminorSECURE employees participate in United Way fundraising campaigns supporting community initiatives.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
SECURE Energy Services competitors and assessment
Company assessmentDirect peers
- Newalta Corporation: Newalta (now Newpek) is a Canadian industrial waste management and oilfield services company serving oil and gas producers in the WCSB, directly overlapping with SECURE's core waste management, fluids, and metals recycling offerings in the same geography and customer base.
- Vertex Resource Group Ltd. Vertex provides environmental and oilfield services to Western Canadian energy producers, including waste management, fluid handling, and production chemistry; serves the same upstream and midstream customer base in the WCSB.
Broad incumbents
- GFL Environmental Inc. GFL is a large diversified environmental services company currently acquiring SECURE; it operates solid waste, liquid waste, and infrastructure services across Canada and the US, directly competing with SECURE in Western Canadian industrial waste and serving as the strategic acquirer in this transaction.
- Clean Harbors Inc. Clean Harbors is North America's largest hazardous waste management company, providing industrial waste disposal, recycling, and environmental services to oil and gas, chemical, and manufacturing clients; overlaps with SECURE's hazardous waste, NORM, and specialty chemicals lines at scale.
- Stericycle Inc. Stericycle is a North American regulated waste management provider offering industrial, hazardous, and specialized waste services; broadly comparable to SECURE's industrial waste portfolio though focused more on regulated waste streams than oilfield-specific services.
- Waste Connections Inc. Waste Connections is a large North American solid waste services company with significant Canadian operations, including industrial and energy-sector waste collection, transfer, and disposal; competes with SECURE for industrial volumes and landfill capacity.
- Republic Services Inc. Republic Services is one of the largest US waste management companies, providing solid and industrial waste, recycling, and environmental services; a broad incumbent that intersects with SECURE's metals recycling and industrial waste businesses.
Regional players
- Mullen Group Ltd. Mullen Group is a Western Canadian transportation, logistics, and oilfield services provider with waste management and fluid hauling divisions, competing with SECURE in oilfield waste collection and disposal across the same Alberta and Saskatchewan basin.
- STEP Energy Services Corp. STEP is a Canadian oilfield services company focused on coiled tubing, pumping, and nitrogen services; while not directly in waste management, it operates in the same Western Canadian basins and serves the same upstream customers as SECURE.
- Trican Well Service Ltd. Trican is a Canadian oilfield services company providing cementing, stimulation, and well intervention services to Western Canadian producers; adjacent to SECURE's drilling fluids and production chemistry offerings in customer base and geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SECURE Energy Services social profiles
Digital presenceSECURE Energy Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
SECURE Energy Services leadership team
Management profileNumber of profiles
Profiles8 records
SECURE Energy Services subsidiaries and ownership
Company hierarchySubsidiaries1 record
SECURE Energy Services funding detail
Funding detailFunding overview
Funding rounds8 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SECURE Energy Services M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SECURE Energy Services
What does SECURE Energy Services do?
SECURE Energy Services provides integrated industrial waste management and energy infrastructure solutions for the upstream and midstream oil and gas sector in western Canada and North Dakota. The company operates a network of 80+ facilities and landfills offering waste collection, processing, recovery, and disposal services, supplemented by specialty chemicals, drilling fluid technologies, NORM handling, metals recycling, and energy infrastructure services.
Is SECURE Energy Services a public or private company?
SECURE Energy Services is a public company. It is classified as public and is currently operating.
When was SECURE Energy Services founded?
SECURE Energy Services was founded in 2007. It employs 1,001 to 5,000 people.
Where is SECURE Energy Services based?
SECURE Energy Services is headquartered in Calgary, Canada, in the North America region.
How does SECURE Energy Services make money?
Four revenue lines are on record. Waste Management Services are the primary driver. The others are specialty Chemicals, energy Infrastructure and metals Recycling.
Who are SECURE Energy Services's main competitors?
Direct peers on record are Newalta Corporation and Vertex Resource Group Ltd.. Broad incumbents are GFL Environmental Inc., Clean Harbors Inc., Stericycle Inc., Waste Connections Inc. and Republic Services Inc.. Regional players are Mullen Group Ltd., STEP Energy Services Corp. and Trican Well Service Ltd..
Does SECURE Energy Services have an API?
No public API is recorded for SECURE Energy Services.
What industry is SECURE Energy Services in?
SECURE Energy Services's product category is Industrial Waste Management & Energy Infrastructure Services. Its primary akta.pro industry code is EUAIAGAJ, Secure Destruction & Confidential Waste (Paper/Product Destruction—Non-hazardous). Its NAICS code is 561621 and its SIC code is 4953.