Head­ing For The Green Light

How a steel fab­ri­ca­tion com­pany dodged the com­modi­ties down­turn and found re­newal in re­new­able en­ergy

Alberta Oil - - RETURN ON INVESTMENT -

IN 2013, CHIEF CON­TRAC­TORS WAS A SMALL STEEL FAB­RI­CA­TION

com­pany work­ing out of Nisku and pri­mar­ily serv­ing the oil and gas in­dus­try. Be­fore oil prices plum­meted, mi­nor projects rang­ing from re­pairs to gen­eral main­te­nance were more than enough to keep the com­pany hum­ming. Kieran Quirke joined the com­pany in 2014 as the gen­eral man­ager re­spon­si­ble for sales and busi­ness de­vel­op­ment. Un­der his lead­er­ship the com­pany grew. In July 2015, Quirke helped or­ches­trate a takeover of the com­pany by Swiss multi­na­tional Globotics In­dus­tries. By then Chief had been hit hard by slump­ing oil prices and the com­pany was forced to make serious cuts to its staff and oper­a­tions.

For many com­pa­nies, that might have spelled the end. But Chief and its new par­ent com­pany were ready to adapt. “Ev­ery­one was ner­vous about what was hap­pen­ing in the in­dus­try,” says Quirke. “It was very dif­fi­cult, but we had a lot of sup­port from our sup­pli­ers and ven­dors.” Globotics brought on some ad­vi­sors to as­sist Quirke in a ma­jor com­pany over­haul, the fo­cus of which was di­ver­si­fi­ca­tion into new in­dus­tries and mar­kets. “We kept on with some fab­ri­ca­tion, but we started

TO SUR­VIVE THE SLUMP, KIERAN QUIRKE, HEAD OF CHIEF CON­TRAC­TORS, HAS STEERED THE COM­PANY TO­WARDS BRING­ING RE­NEW­ABLE EN­ERGY TO THE OIL­FIELD

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