Deloitte Acquires Leading Canadian Asset Reliability Consultancy

TORONTO, ON--(Marketwired - October 19, 2015) - Deloitte announced today that it has entered into a definitive agreement to acquire the Asset Performance Group (APG), a leading asset reliability consultancy based in Burlington, Ont., and Calgary, Alta. This transaction brings new reliability engineering and maintenance capabilities to Deloitte's Consulting practice, enabling the firm to deliver a full suite of asset reliability engineering, asset management and performance improvement services to capital-intensive industries across Canada, the U.S. and South America.

"Acquisitions such as this demonstrate Deloitte's commitment to providing integrated services that help our clients respond to the most significant challenges and opportunities facing their business," said Jurgen Beier, Consulting, Energy & Resources Leader at Deloitte Canada. "By adding leading asset reliability engineering and performance management services to our Operations Excellence practice, Deloitte will be better equipped to meet the operational needs of our energy and resources clients."

APG helps companies, specifically in wide range of capital-intensive industries within energy and resources, maintain and improve the performance of physical assets, such as processing plants by using proven methods to analyze, quantify and deliver better equipment performance and financial results.

"In capital-intensive industries such as oil and gas, equipment failure can have serious impacts on productivity, safety and the environment," Beier said. "Proper asset care not only helps prevent incidents and downtime, it also improves asset utilization, reduces maintenance costs and strengthens environmental stewardship of natural resources."

The demand for reliability services has grown in recent years, as companies put greater emphasis on maximizing the value of their capital investments.

"The team from APG will continue to build on the foundation we've established as a market leader in asset reliability," said Sherry Revesz, Principal and Founder, Asset Performance Group. "By combining our expertise with Deloitte's suite of operational excellence services, we will be able to offer clients a more comprehensive, end-to-end set of services."

As APG joins Deloitte, this marks the firm's sixteenth transaction in the last 5 years, demonstrating the importance of acquisitions and alliances to the firms overall growth strategy. Led by Partner, Alexandre Baril, Deloitte's Corporate Development Office is committed to actively supporting merger, acquisition and alliance initiatives that align with the firm's commitment to client service excellence.

About Deloitte
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte operates in Quebec as Deloitte s.e.n.c.r.l., a Quebec limited liability partnership.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.