Corrosion Service

Toronto, Canada Founded: 1950 • Age: 76 yrs Acquired By Scotiabank
Provides corrosion management, cathodic protection, AC mitigation and Integrity assessments
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About Corrosion Service

Corrosion Service was established in 1950 and is based in Toronto, Canada. Focus is placed on the energy and infrastructure sectors, where corrosion management, cathodic protection systems, AC mitigation strategies, and integrity assessments are delivered. Engineering expertise is applied to evaluate and protect pipelines, storage tanks, and related assets from degradation. Operations extend across North America, supporting compliance with industry standards through technical consultations and monitoring services.

  • Headquarter Toronto, Canada
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
    Scotiabank

    & 1 more

  • Employee Count
    Employee Count
  • Acquired by
    Scotiabank

    (Jun 01, 2015)

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People of Corrosion Service
Headcount 200-500
Employee Profiles 43
Employee Profiles
People
Diana P.
Project Analyst
People
Ebube Nwokolo, MSc, EIT
Corrosion EIT
People
Abdulaziz Aouf
Team Lead I, Project Management
People
Lance J. Phillips
Team Lead I, Projects

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Funding Insights of Corrosion Service

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2015 Amount Debt – Conventional - Corrosion Service Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

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Investors in Corrosion Service

Corrosion Service has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Scotiabank and Crown Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Distributed power and broadband network solutions are developed.
Founded Year Domain Location
Commercial banking services are provided internationally by Scotiabank.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Corrosion Service

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Corrosion Service

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Corrosion Service Comparisons

Employees
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Competitors of Corrosion Service

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Corrosion Service

Frequently Asked Questions about Corrosion Service

When was Corrosion Service founded?

Corrosion Service was founded in 1950 and raised its 1st funding round 65 years after it was founded.

Where is Corrosion Service located?

Corrosion Service is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

What does Corrosion Service do?

Corrosion Service was established in 1950 and is based in Toronto, Canada. Focus is placed on the energy and infrastructure sectors, where corrosion management, cathodic protection systems, AC mitigation strategies, and integrity assessments are delivered. Engineering expertise is applied to evaluate and protect pipelines, storage tanks, and related assets from degradation. Operations extend across North America, supporting compliance with industry standards through technical consultations and monitoring services.

Who are Corrosion Service's investors?

Corrosion Service has 2 investors. Key investors include Scotiabank, and Crown Capital Partners.

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