Vertex Resource Group Ltd (TSX-V: VTX) has acquired the business of HMA Land Services, a Calgary-based provider of project management services to the energy industry. No financial terms were released. Vertex, a Sherwood Park, Alberta-based provider of environmental and industrial services, said the deal will strengthen the company’s land consulting practice, with a focus on pipeline, utility and mineral land projects. Vertex, which acquired Sonic Oilfield Services Ltd in January, gained a public listing last year with the backing of Canadian energy private equity firm 32 Degrees Capital.
Vertex Resource Group Ltd. Acquires HMA Land Services
Acquisition Expands Vertex’s Geographic Expertise in Large Pipeline, Utility and Mineral Land Projects across Canada.
SHERWOOD PARK, AB, Feb. 1, 2018 /CNW/ – (TSX.V:VTX) – Vertex Resource Group Ltd. (“Vertex”) is pleased to announce that it has acquired the business of HMA Land Services (“HMA”). The expertise of the HMA team will further strengthen Vertex’s professional land consulting practice, with particular focus on large pipeline, utility and mineral land projects. In addition to expanding our expertise, the addition of the HMA team, provides geographic exposure to new Canadian markets with projects and personnel on both the east and west coast.
“This acquisition enhances one of our long established and core consulting services. The addition of HMA continues the growth of our land, project management and public consultation services by strengthening our professional team and adding additional expertise in midstream, utility and mineral land projects. The acquisition is very complimentary and positions Vertex to continue to grow within our existing client base and better serve current customers of both entities with additional skills and expertise across the country,” said Terry Stephenson, President of Vertex.
HMA began operating as Vertex effective January 1, 2018.
Established in 1976, Vertex has grown to become a leading provider of environmental and environmentally focused industrial services. Headquartered in Sherwood Park, Alberta, Vertex employs a staff of approximately 900 employees that service a wide array of customers in industries such as upstream and midstream oil and gas, utilities, telecommunication, forestry, agriculture and government. Vertex principally operates in western Canada and maintains a presence in select locations in the United States.
For further information: Please contact Terry Stephenson, President and CEO, or Michael Zvonkovic, CFO, Vertex Resource Group Ltd., 780-464-3295.
Photo courtesy of Vertex Resource Group Ltd