Waiward Steel
Waiward Industrial LP is a privately held Edmonton-based structural steel fabricator and industrial contractor serving energy, mining, petrochemical, and infrastructure owner-clients across Western Canada with integrated fabrication, modular assembly, construction, and recurring maintenance services.
- Company typePrivate
- Founded1972
- HeadquartersEdmonton, Canada
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Waiward Steel does
Waiward Industrial LP, operating as Waiward Steel, is a privately held Western Canadian structural steel fabrication, modular assembly, industrial construction, and maintenance services contractor headquartered in Edmonton, Alberta. Founded in 1972, the company operates the largest steel fabrication facility in Western Canada at 216,500 sq. ft. with an adjacent 15-acre module assembly yard, and runs a parallel paint and coatings business through a 66,000 sq. ft. Edmonton facility and a 30,360 sq. ft. Nisku, Alberta facility, with throughput exceeding 1,000 tonnes per week. Its service portfolio spans connection design, 3D-model-driven detailing, fabrication, modular pre-assembly, field erection, coatings, and ongoing mechanical maintenance for owner-clients in energy (oil sands, natural gas, LNG), mining (potash and other), petrochemicals and refining, infrastructure, and clean energy (Site C hydroelectric).
Waiward generates revenue primarily through project-based, fixed-price or time-and-materials contracts for one-time fabrication and construction work, supplemented by recurring multi-year maintenance agreements — examples include the Gitga'at Waiward Industrial LNG Canada site services contract valued at over $100 million over six years and 3+ year mechanical maintenance at Shell Scotford. The go-to-market is direct enterprise sales to a concentrated set of owner-clients (Suncor, Shell, LNG Canada, CNRL, Inter Pipeline, Mosaic, BHP, BC Hydro), supported by joint-venture partnerships with Gitga'at, Mikisew Cree, Alexander, and Kwikwetlem First Nations that provide social license and local workforce access in resource-sector procurement.
Operationally, Waiward differentiates on integrated scope (no major subcontracting of design, fabrication, coatings, or construction), a safety record anchored by TRIR below 0.5 and 4 million LTI-free man-hours on prior projects, and 50+ years of craft workforce experience. Recent strategic emphasis has been on BC LNG expansion (Kitimat office, Gitga'at JV), Indigenous partnership build-out, coatings capacity, and leadership refresh under President & CEO David Turner (appointed August 2023), positioning the company for continued participation in Western Canada's resource and clean-energy capex cycle.
Waiward Steel firmographics
Firmographics- Name
- Waiward Steel
- Legal name
- Waiward Industrial LP
- Website
- https://waiward.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Waiward Industrial LP is a privately held Edmonton-based structural steel fabricator and industrial contractor serving energy, mining, petrochemical, and infrastructure owner-clients across Western Canada with integrated fabrication, modular assembly, construction, and recurring maintenance services.
- Ownership category
- akta.pro rank
Waiward Steel industry classification
Industry- Product category
- Industrial Steel Fabrication and Construction Services
- NAICS
- Fabricated Structural Metal Manufacturing (332312), Plate Work and Fabricated Structural Product Manufacturing (33231)
- SIC
- Fabricated Structural Metal Products (3440), Fabricated Plate Work (Boiler Shops) (3443)
- akta.pro primary industry
- Structural Steel Fabrication (IMADACAA)
- akta.pro secondary industry
- Steel Plate, Sections & Welded Assemblies (IMADACAD)
Keywords
Where Waiward Steel is headquartered
LocationHeadquarters
- HQ city
- Edmonton
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Waiward Steel business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Structural Steel Fabrication: One-time project-based fabrication services for structural steel, plate work, and miscellaneous steel components for industrial projects. Revenue generated through fixed-price contracts or time-and-materials arrangements based on project scope.
- Modular Assembly Services: Modular construction solutions that streamline project timelines, delivered as part of integrated project contracts
- Industrial Construction: Construction services including connection design, detailing, fabrication, erection, and field installation for industrial facilities
- Maintenance Services: Recurring maintenance contracts providing ongoing asset reliability services. Examples include 3+ year Main Mechanical Maintenance services contracts at Shell Scotford and LNG Canada facilities.
- Paint and Coating Services: Industrial paint and coating application services for fabricated steel components, including three-coat paint systems for harsh environments
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for industrial fabrication and construction services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels10 records
Waiward Steel product offering
Product offeringCore offering
Waiward Industrial is an integrated structural steel fabrication, modular assembly, industrial construction, and maintenance services provider headquartered in Edmonton, Alberta. The company fabricates structural steel, plate work, and miscellaneous steel components at a 216,500 sq. ft. facility with throughput exceeding 1,000 tonnes per week, and delivers projects from engineering and drafting through coatings, erection, and field installation for energy, mining, petrochemical, and infrastructure clients across Western Canada.
Product overview
Waiward Industrial is a full-service industrial construction and steel fabrication company offering an integrated suite of services. The core portfolio consists of four main service lines: Structural Steel Fabrication (the flagship offering with Canada's premier fabrication facility at 250,000+ sq. ft.), Modular Assembly, Industrial Construction, and Maintenance Services. These are supplemented by paint and coating operations and engineering/drafting capabilities. The company operates across Western Canada serving energy, mining, petrochemical, and infrastructure sectors, positioning itself as a one-stop-shop for clients from concept to completion.
Differentiator
Problem solved
Functional benefit
Products and services
- Structural Steel Fabrication Engineering-supported fabrication of structural steel, plate work, and miscellaneous steel components for industrial projects, delivered from a 216,500 sq. ft. facility with throughput exceeding 1,000 tonnes per week for energy, mining, petrochemical, and infrastructure clients.
- Modular Assembly
Quantifiable outcome
- Reduced fabrication schedule by approximately 25% through continuous improvement strategies and repeatable designs
- +6 more outcomes
Companies that use Waiward Steel
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles3 records
Waiward Steel technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Waiward Steel partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor, core, major client and flagship.
- Women Building FuturesminorWaiward Industrial designated as Employer of Choice by Women Building Futures, supporting programs like 15-week welding skills training with CWB Welding Foundation's Women of Steel initiative. Partnership aimed at promoting diversity and inclusion within the trades.
- Alexander First NationcoreAlexander Waiward joint venture awarded 3+ year Main Mechanical Maintenance Services contract at Shell Scotford facility north of Fort Saskatchewan, Alberta in June 2023. Partnership established in 2018 to advance growth and support community while providing career opportunities for Nation members.
- Kwikwetlem First Nation (KFN Enterprises LP)minorMutual Benefit Agreement completed in July 2020 between Kwikwetlem First Nation's Economic Development Company and Waiward Industrial LP, establishing framework for collaboration and shared benefits.
- Gitga'at First NationcoreGitga'at Waiward Industrial joint venture partnership formed in November 2019, providing comprehensive range of construction, maintenance, fabrication, and engineering services. Awarded Main Industrial Site Services contract for LNG Canada facility in October 2022, valued at over $100 million with 6-year duration. First major site services contract enabling BC Building Trades members to work on daily maintenance at LNG Canada.
- Mikisew Cree First NationcoreMikisew Waiward Limited Partnership (Mikisew 51%, Waiward 49%) focuses on industrial construction, fabrication and maintenance services to oil sands producers north of Fort McMurray. Leverages Waiward's industry reputation with Mikisew's producer relationships to create sustainable revenue and community development opportunities.
- BC Building Trades / Pacific Regional Maintenance Council (PRMC)corePRMC represents approximately 950 journeypersons and apprentices in various trades across Kitimat and Terrace regions with significant Indigenous and female representation. BC Building Trades members employed on LNG Canada maintenance contract with 100-135 workers daily, up to 1,200 during shutdowns.
- Inter Pipelinemajor clientAwarded multiple contracts including $87M Heartland Petrochemical Complex project for connection design, drafting, fabrication, and erection of 18,475 tonnes of structural steel for PDH, polypropylene, and CUB areas.
- LNG CanadaflagshipGitga'at Waiward Industrial awarded Main Industrial Site Services contract for routine/non-routine maintenance, major maintenance, site modifications, and turnaround work. LNG Canada is the largest energy investment in Canadian history with facility in Kitimat, BC.
- JGC Fluor (Joint Venture)major clientEngineering, procurement, fabrication and construction contractor for LNG Canada Project. Gitga'at Waiward awarded stick built structural steel supply contract to JGC Fluor in October 2020.
- Mosaic / Hatchmajor clientWaiward awarded contract by Mosaic's agent Hatch for detailing, supply, steel fabrication, painting, and construction at Esterhazy K1 and K3 production facilities in Saskatchewan. K3 Expansion valued at $57M with 3,221 tons of structural steel.
- Cast Steel Products LPminorPartnership for Cleveland Cliffs cooler ring project at Burns Harbor facility. Waiward partnered with Cast Steel Products for steel supply, fabrication, machining, and trial assembly of complex 367 MT ring structure.
- General Presidents' Maintenance Committee (GPMC) / National Maintenance Council (NMC)coreGPMC and NMC support maintenance agreements and shift scheduling requirements. Partnership with BC Building Trades facilitated securing LNG Canada maintenance contract with appropriate labor standards.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
Waiward Steel competitors and assessment
Company assessmentBroad incumbents
- Canam Group: Largest Canadian structural steel fabricator with multiple plants and a broader North American footprint. Comparable in structural steel fabrication and modular construction but at significantly larger scale and wider geographic reach than Waiward.
- PCL Construction: Major Canadian general contractor and industrial builder with industrial, infrastructure and commercial operations across Western Canada. Comparable on industrial construction and EPC-adjacent delivery but at much larger scale and broader scope than steel-fabrication-focused Waiward.
- Kiewit: Large North American construction, mining and engineering contractor with major industrial project execution including LNG and energy infrastructure in Western Canada. Comparable on industrial construction scope for LNG Canada-adjacent work but at vastly larger scale.
- Graham Construction: Western Canadian-headquartered industrial, commercial and infrastructure contractor. Comparable on industrial construction for oil sands, mining and infrastructure projects, often competing with or alongside Waiward as an integrated builder.
- Stuart Olson (now part of Bird Construction): Industrial, commercial and institutional construction firm with significant Western Canada presence serving energy, mining and infrastructure clients. Comparable industrial construction delivery model and customer overlap with Waiward.
Direct peers
- ADF Group: Canadian fabricator of complex steel structures, heavy plate and modular assemblies serving industrial, commercial and institutional customers. Comparable scope on heavy structural steel and engineered plate assemblies.
- Walters Group: Privately held Canadian structural steel fabricator and erector with fabrication capacity serving industrial, commercial and infrastructure projects. Closely comparable integrated design-fabricate-erect model targeting similar end markets.
- Supreme Steel: Canadian structural steel fabricator with major Western Canada operations (Edmonton, Saskatoon, Delta). Directly comparable to Waiward in scope of structural steel, modular assembly and industrial construction serving oil sands, mining, and infrastructure clients across the same geography.
- Ocean Steel: New Brunswick-based structural steel fabricator with operations serving industrial and infrastructure customers across Canada. Comparable as a Canadian structural steel fabricator serving similar industrial end markets.
- Structal-Heavy Steel Construction (a Canam division): Heavy structural steel fabrication arm of Canam serving complex industrial and infrastructure projects including hydro, transportation, and energy. Comparable on heavy-plate welded assemblies and engineered industrial structures.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Waiward Steel social profiles
Digital presenceWaiward Steel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Waiward Steel leadership team
Management profileNumber of profiles
Profiles9 records
Waiward Steel subsidiaries and ownership
Company hierarchySubsidiaries3 records
Waiward Steel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Waiward Steel M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Waiward Steel
What does Waiward Steel do?
Waiward Industrial is an integrated structural steel fabrication, modular assembly, industrial construction, and maintenance services provider headquartered in Edmonton, Alberta. The company fabricates structural steel, plate work, and miscellaneous steel components at a 216,500 sq. ft. facility with throughput exceeding 1,000 tonnes per week, and delivers projects from engineering and drafting through coatings, erection, and field installation for energy, mining, petrochemical, and infrastructure clients across Western Canada.
Is Waiward Steel a public or private company?
Waiward Steel is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Waiward Steel founded?
Waiward Steel was founded in 1972. It employs 501 to 1,000 people.
Where is Waiward Steel based?
Waiward Steel is headquartered in Edmonton, Canada, in the North America region.
How does Waiward Steel make money?
Five revenue lines are on record. Structural Steel Fabrication is the primary driver. The others are modular Assembly Services, industrial Construction, maintenance Services and paint and Coating Services.
Who are Waiward Steel's main competitors?
Broad incumbents on record are Canam Group, PCL Construction, Kiewit, Graham Construction and Stuart Olson (now part of Bird Construction). Direct peers are ADF Group, Walters Group, Supreme Steel, Ocean Steel and Structal-Heavy Steel Construction (a Canam division).
Does Waiward Steel have an API?
No public API is recorded for Waiward Steel.
What industry is Waiward Steel in?
Waiward Steel's product category is Industrial Steel Fabrication and Construction Services. Its primary akta.pro industry code is IMADACAA, Structural Steel Fabrication, with a secondary code of IMADACAD, Steel Plate, Sections & Welded Assemblies. Its NAICS code is 332312 and its SIC code is 3440.