What Wajax provides

Wajax is one of Canada's oldest and most diversified industrial products and services providers, operating an integrated distribution system that sells, rents, and services heavy equipment alongside a large aftermarket parts and repair business. The company organizes its work around four revenue lines: equipment sales, industrial parts, product support (the aftermarket parts and service attached to the equipment it distributes), and engineered repair services. It serves construction, forestry, mining, oil sands, transportation, metal processing, industrial and commercial, government, utilities, and oil and gas customers from more than 100 branches coast to coast.

The aftermarket side is central to the business. Wajax stocks and sources a full range of OEM, aftermarket, and remanufactured options so customers can match parts to a performance requirement and a budget, a choice that turns directly on total cost of ownership rather than sticker price alone. Its fleet components and parts catalog spans ground-engaging tools, undercarriage, filtration, lighting, hydraulics, and consumables, and its industrial parts business covers bearings, electric motors and variable frequency drives, fluid handling, instrumentation, pneumatics, and power transmission. Alongside parts, Wajax runs engineered repair services for hydraulics, machining, and heavy component rebuilds, work that keeps aging fleets in service rather than replaced.

Wajax distributes and supports equipment for a set of established manufacturer lines, including Hitachi construction machinery, for which it is a long-standing Canadian dealer. That combination, new and used equipment plus the parts and product support that follow it through a machine's life, is the core of how the company earns revenue across an equipment cycle.

Financial performance

Wajax Corporation trades on the Toronto Stock Exchange under the ticker WJX. For the fiscal year ended December 31, 2024, the company reported revenue of $2,097.6 million, down 2.6 percent from 2023, and net earnings of $42.8 million, down from $81.0 million the year before. Adjusted EBITDA was $168.0 million, an 8.0 percent adjusted EBITDA margin, compared with $197.4 million and 9.2 percent in 2023. Adjusted net earnings were $52.9 million, or $2.44 per basic share.

Management described 2024 as a challenging year, with softer customer demand across most segments and increased competitive pressure on margins. Equipment sales rose 1.9 percent to $618.6 million, while industrial parts fell 5.5 percent to $572.0 million, product support declined 1.5 percent to $535.0 million, and engineered repair services revenue fell 7.9 percent to $326.5 million. The company ended the year with a backlog of $564.4 million, up $10.5 million, and reported strong fourth-quarter operating cash flow of $75.9 million. Its leverage ratio stood at 2.61 times at year end, up from 1.98 times in 2023. Wajax pays a quarterly dividend, declared at $0.35 per share for the first quarter of 2025. These are published figures from the company's investor materials.

Ownership and history

Wajax traces its history to 1858, growing over more than a century and a half from a small operation into a national industrial distributor. It is a publicly listed Canadian corporation, held through Wajax Corporation and its operating subsidiary Wajax Limited. In March 2024 the company moved its registered and head office to 10 Diesel Drive in Toronto, Ontario, from its prior Mississauga address.

Leadership changed materially in 2025 and 2026. George J. McClean became President and Chief Executive Officer effective March 3, 2026, succeeding Iggy Domagalski; McClean joined from senior roles at Sonepar Canada, National Tire Distributors, General Motors, and W.W. Grainger. Tania Casadinho was appointed Chief Financial Officer effective March 4, 2025, and Michael Hachey became Chief Operating Officer effective June 2, 2025. Edward Barrett chairs the board. The company reports a workforce of roughly 2,900 to 3,200 people across its Canadian branch network.

Certifications and quality

Wajax operates under an ISO 9001:2015 quality management system, certificate FM-804406, valid through 2029. The company states the scope covers the design, manufacture, and service of industrial equipment, application engineering, equipment repair, and assembly of hydraulic and process equipment and controls, along with warehousing, distribution, sales, purchasing, inventory planning, and vendor development across commercial sectors. For nuclear-sector work, Wajax also reports compliance with CSA N299.4 covering sales, warehousing, and distribution. These certifications matter for a distributor whose aftermarket product support and engineered repair services touch safety-critical equipment, and Wajax posts its ISO 9001 certificate on its own site.

Known customers

Wajax is a distributor and service provider rather than a contract manufacturer, and it does not publish a customer roster. Its disclosed demand comes from broad end-market sectors rather than named accounts. The company identifies its customer base by industry: mining and energy, where it expects continued strong demand, alongside construction, forestry, transportation, metal processing, industrial and commercial, government, and utilities. Because the business is diversified across these sectors and hundreds of branch relationships, no single customer program is individually disclosed in its public materials.

Frequently asked questions

What does Wajax do?

Wajax is a Canadian industrial products and services provider that sells, rents, and services heavy equipment and supplies industrial and aftermarket parts. It operates four revenue lines: equipment sales, industrial parts, product support, and engineered repair services, serving construction, mining, forestry, energy, and industrial customers from more than 100 branches across Canada.

Who owns Wajax?

Wajax is a publicly traded company listed on the Toronto Stock Exchange under the ticker WJX. It operates through Wajax Corporation and its subsidiary Wajax Limited. It has no single controlling parent; ownership is held by public shareholders.

What is Wajax's annual revenue?

Wajax reported revenue of $2,097.6 million for the fiscal year ended December 31, 2024, down 2.6 percent from 2023, with net earnings of $42.8 million and adjusted EBITDA of $168.0 million. These are figures from the company's published annual results.

Where is Wajax headquartered?

Wajax's head office is at 10 Diesel Drive, Toronto, Ontario M8W 2T8, a location it moved to in March 2024 from Mississauga, Ontario. The company operates more than 100 branches across Canada.

Who is the CEO of Wajax?

George J. McClean became President and Chief Executive Officer of Wajax effective March 3, 2026, succeeding Iggy Domagalski. Tania Casadinho serves as Chief Financial Officer and Michael Hachey as Chief Operating Officer.

What certifications does Wajax hold?

Wajax operates under an ISO 9001:2015 quality management system, certificate FM-804406, valid through 2029, covering the design, manufacture, service, and distribution of industrial equipment and components. It also reports compliance with CSA N299.4 for nuclear-sector sales, warehousing, and distribution.

What kind of parts does Wajax supply?

Wajax supplies OEM, aftermarket, and remanufactured parts for heavy equipment and industrial applications. Its catalog includes ground-engaging tools, undercarriage, filtration, lighting, hydraulics, bearings, electric motors and variable frequency drives, power transmission, and consumables, backed by engineered repair and component rebuild services.

Last verified September 28, 2026. Is this your company? Request a correction.