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Tale of the Tape: Profiles of Six Fast Growth 50 companies

A quick look at Entrec Corp., Titan Logix, Tekarra Project Services and more

Jan 2, 2014
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Entrec Corp.

#4 on the FG50
600 Employees
Spruce Grove

One of just nine public companies on the Fast Growth 50, this heavy haul and crane operation is led by the fearless Rod Marlin, a serial CEO who first rose to fame as founder and president of the Marlin Travel Group. He sold that business in 1993 and moved into the energy sector, as president and CEO of Eveready and its predecessor companies until it was bought out by Clean Harbors in July 2009. Under his leadership, Entrec has aggressively expanded its reach and the scope of its offerings in the oilfield services sector. Its revenues have catapulted from $21 million to $131.5 million in the last three years.

Titan Logix

#14 on the FG50
62 Employees
Edmonton

Founded in 1979, Titan Logix develops and builds technology to manage fluids, things like gauges for mobile tanks that help to prevent overfilling. The company serves the oil and gas, waste fluid collection, chemical and aviation industries. As concerns over the handling of dangerous fluids grows, so does Titan’s business: it’s grown revenues by more than 60 per cent each of the last two years, and even more impressive is its bottom line: an astounding 1,135 per cent growth in profits over the last two years. Clearly, there’s money to be made in fluid management.

Tekarra Project Services

#25 on the FG50
30 Employees
Calgary

Tekarra Project Services was founded in the summer of 2011 with the goal to be the best engineering, procurement and construction management firm for small projects in the energy industry. At the end of that year, the company had two clients and four full-time staff members. At the end of the second year, they had jumped to five clients and 30 full-time staffers. One of the smaller entries on the Fast Growth 50 list, Tekarra has set its sights high, looking to break onto the vendor lists for all of the oil and gas majors.

ComplyWorks

#26 on the FG50
49 Employees
Calgary

More than 175 companies – from small and mid-size businesses to Fortune 500 and Global 2000 enterprises – use ComplyWorks web-based systems to manage more than 50,000 contractors and suppliers. ComplyWorks started in oil and gas has now expanded into other industries including real estate management services and mining. It recently opened offices in Toronto, Houston, and Pretoria, South Africa, and has started offering customer service in French and Spanish.

Hyduke Energy Services

#31 on the FG50
400 Employees
Nisku

Hyduke Energy surpassed the $100 million in revenue mark for the first time this year, and the 400 employee mark, too. The company, which designs and builds drilling and well-service equipment, has done it largely driven by its export strategy. It ships to virtually every major oil and gas market in the world, focusing on Russia, Mexico, South America and North Africa. Forty-six per cent of Hyduke’s revenues came from exports last year, and the company won the Exporter of the Year award at this year’s Alberta Export Awards.

Pandell Technology

#50 on the FG50
63 Employees
Calgary

Pandell is a software-development company specializing in back-office software for oil and gas companies, outsourced accounting services and large web-based applications built on Pandell technology. It has grown steadily since its founding in 1997, breaking the $10 million barrier in revenue for the first time this past year. The company also has the chops when it comes to quality-of-workplace questions, having been named one of the province’s Best Workplaces this year (in Pandell’s case, for benefits, perks and incentives).

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