Toromont Industries Ltd.

Toromont Industries Ltd.

January 27, 2010 18:05 ET

Toromont Announces Name and Management Team for Compression Business

TORONTO, ONTARIO--(Marketwire - Jan. 27, 2010) - Toromont Industries Ltd. ("Toromont") (TSX:TIH) announces that Enerflex Systems Income Fund (EFX) has substantially been acquired through the take-up of 96% of its units announced last week, and the process of merging it with Toromont Energy Systems is well under way. The remaining units are expected to be acquired in late February.

The combined organization is now Enerflex Ltd., a subsidiary of Toromont Industries Ltd.

Blair Goertzen (formerly President and CEO of EFX) has been appointed President and CEO of Enerflex Ltd.

The following senior management appointments have been made, all reporting to Blair Goertzen:

Jerry Fraelic, President US; Ivan Heidecker, President Canada; Bill Moore, President International; Caspar De Jong, Managing Director Europe; Toufic Khalik, Managing Director Middle East and North Africa; and Steve Dropulich, Managing Director AustralAsia. Mr. Goertzen will be supported by an experienced corporate team including James Harbilas, Vice President & Chief Financial Officer; Rachel Moore, Vice President Human Resources and Greg Stewart, Vice President and Chief Information Officer. This decentralized structure capitalizes on the very strong managers coming out of both organizations while minimizing the actual integration effort that will be required. As a result, our executive team will remain focused on their primary role of providing superior service to our customers around the world.

"We are excited about the prospects for Enerflex Ltd. It is now a well capitalized global leader in the compression market, built on the complementary strengths of its predecessor organizations," said Robert M. Ogilvie, Chairman and Chief Executive Officer of Toromont. "With a strong leadership team in place, the prospects for this business are excellent and will become more evident when the demand for compression equipment picks up."


Toromont Industries Ltd. operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a Global leader specializing in the design, engineering, fabrication, and installation of compression systems for natural gas, coal-bed methane, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems. Both Groups offer comprehensive product support capabilities. This press release and more information about Toromont can be found on the Web at

Contact Information

  • Toromont Industries Ltd.
    Paul R. Jewer
    Vice-President Finance & Chief Financial Officer
    416.667.5555 (FAX)