Canadian Hydrovac Ltd.

What Canadian Hydrovac Ltd. does

Canadian Hydrovac Ltd. is a specialized industrial services company founded in 2008 and headquartered in Sherwood Park, Alberta, Canada. The firm operates as a brand/subsidiary within Mullen Group Ltd.'s (TSX: MTL) Specialized & Industrial Services segment, delivering hydrovac excavation, water management, fluid hauling, and environmental reclamation services to customers in western Canada's energy, mining, forestry, and construction sectors. The headcount reported in firmographics is 25 employees, indicating a focused, equipment-and-operator-driven operation rather than a broad logistics platform.

Operationally, Canadian Hydrovac is part of Mullen Group's four-segment platform (Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics), which collectively delivered $2.1 billion CAD in 2025 revenue. The parent's "network of independently operated businesses" model means Canadian Hydrovac retains brand and operational autonomy while accessing parent-level back-office, capital, and customer relationships. The company's core technology is conventional hydrovac and industrial fluid-management equipment; no proprietary software, AI, or digital platform is disclosed in the source material.

Revenue mechanics are transaction-fee based, contracted directly with commercial and industrial customers rather than through retail or third-party channels. Pricing is not publicly disclosed. The go-to-market motion is direct B2B engagement with natural resources and infrastructure customers in western Canada. The parent's 89+ acquisitions since its 1993 IPO provide a long institutional track record of integrating industrial services businesses, but Canadian Hydrovac-specific financial metrics, customer counts, and pipeline data are not available in the source material.

Name

Canadian Hydrovac Ltd.

Legal name

Mullen Group Ltd.

Website

https://canadianhydrovac.com

Company type

Public

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Short description

Canadian Hydrovac Ltd., founded in 2008 in Sherwood Park, Alberta, is a specialized hydrovac and industrial services subsidiary of Mullen Group Ltd., providing water management, fluid hauling, and environmental reclamation to western Canada's energy, mining, forestry, and construction sectors.

Ownership category

akta.pro rank

Headquarters

HQ city

Okotoks

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Transportation Services Revenue: Revenue from providing less-than-truckload, truckload, third-party logistics, customs brokerage, and specialized hauling transportation services. Services are delivered through a network of independently operated subsidiary businesses.
2. Logistics and Warehousing Revenue: Revenue from warehousing, logistics, transload, and oversized services provided to customers across North America.
3. Specialized Industrial Services Revenue: Revenue from specialized services for the energy, mining, forestry, and construction industries, including water management, fluid hauling, and environmental reclamation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Canadian Hydrovac Ltd. is a specialized industrial services company based in Sherwood Park, Alberta, operating as a subsidiary brand within Mullen Group Ltd.'s Specialized & Industrial Services segment. The company provides hydrovac excavation, water management, fluid hauling, and environmental reclamation services to the energy, mining, forestry, and construction industries in western Canada.

Product overview

Mullen Group is a logistics company with a platform-plus-multiple-segments architecture. The company operates through independently operated subsidiaries organized into four distinct business segments: Less-Than-Truckload (final mile delivery in western Canada), Logistics & Warehousing (distribution and inventory management across North America), Specialized & Industrial Services (water management, fluid hauling, environmental reclamation for natural resources sectors), and U.S. & International Logistics (cross-border services). The portfolio includes core transportation services such as truckload, third-party logistics, customs brokerage, transload, and specialized hauling, all supported by a strategy of acquiring and improving well-managed companies with strong brands.

Differentiator

Problem solved

Functional benefit

Brands

• Mullen International: Long-haul trucking services operating across North America
• DWS Logistics
• Canadian Hydrovac

Products and services

• Hydrovac Excavation Services Hydrovac excavation services for industrial sites in western Canada, providing non-destructive digging for the energy, mining, forestry, and construction sectors.
• Water Management Services Water management solutions for the energy, mining, forestry, and construction industries in western Canada.
• Fluid Hauling Services Transportation of fluids for industrial operations supporting western Canada's natural resources sectors.
• Environmental Reclamation Services Environmental cleanup and land reclamation services supporting energy, mining, forestry, and construction industries.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Emerging players

• Hydrodig (Hydrovac Holdings): U.S.-based hydrovac and industrial services company serving oil & gas, utility, and construction customers, comparable as an emerging hydrovac specialist with overlapping service lines and customer base to Canadian Hydrovac.
• Vertex Resource Group Ltd. Canadian environmental services and reclamation company serving oil & gas and industrial customers, including water management and surface remediation services. Overlaps with Canadian Hydrovac's environmental reclamation and water management offerings in western Canada.

Direct peers

• Badger Daylighting Corp. The largest hydrovac excavation services provider in North America, operating a national fleet across Canada and the U.S. It is the most direct comparable to Canadian Hydrovac's hydrovac and fluid-hauling services for energy, industrial, and infrastructure customers.

Broad incumbents

• Tervita Corporation: Pre-acquisition peer focused on environmental services, waste management, and fluid handling for Canadian energy and industrial customers. Its service mix (reclamation, fluid hauling, water treatment) closely mirrors Canadian Hydrovac's portfolio to western Canadian natural resources customers.
• Clean Harbors, Inc. North American provider of environmental and industrial services, including waste handling, water management, and field services to oil & gas and industrial customers. Comparable to Canadian Hydrovac's environmental reclamation and fluid-hauling value proposition, though at much larger scale.
• Secure Energy Services Inc. Provides environmental services, fluid hauling, and waste management to Western Canadian oil & gas and industrial customers, with overlapping service lines in water management and reclamation — making it directly comparable to Canadian Hydrovac's Specialized & Industrial Services offering.
• Stericycle, Inc. Large North American regulated waste management and environmental services provider, relevant as a broad incumbent comparable for Canadian Hydrovac's waste, fluid hauling, and environmental remediation services.
• Newalta Corporation: Pre-restructuring peer providing industrial waste management, environmental services, and fluid handling to Canadian energy and industrial customers, with comparable service lines in reclamation and fluid hauling.
• Waste Management, Inc. Largest North American waste and environmental services provider, with industrial and energy market services that overlap with Canadian Hydrovac's fluid hauling, environmental reclamation, and waste-management-adjacent offerings.

Others

• Mullen Group Ltd. Public parent company (TSX: MTL) and operating counterparty; its Specialized & Industrial Services segment is the natural benchmark for Canadian Hydrovac's economic profile and strategic direction within the broader group.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/canadian-hydrovac-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canadian Hydrovac Ltd.