Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Vertex Resource Group (VTX) has acquired Young EnergyServe Inc.
  • The acquisition was completed for a purchase price of $13.8 million, including 5.45 million common shares
  • Terry Stephenson, President & CEO of Vertex Resource Group, sat down with Sabrina Cuthbert to discuss the news
  • Young EnergyServe Inc. is a privately held company providing turnkey turnaround solutions, cutting-edge robotic tank cleaning services, and various other industrial services
  • Vertex is a leading North American provider of environmental services
  • Vertex Resource Group Ltd. (VTX) opened trading at C$0.385 per share

Vertex Resource Group (VTX) has acquired Young EnergyServe Inc.

The acquisition was completed for a purchase price of $13.8 million, including 5.45 million common shares.

Young EnergyServe Inc. is a privately held company providing turnkey turnaround solutions, cutting-edge robotic tank cleaning services, and various other industrial services.

Terry Stephenson, President & CEO of Vertex Resource Group, sat down with Sabrina Cuthbert to discuss the news.

“With the acquisition of Young, we are adding innovative technological advancements to bolster our existing service lines. The addition of their strong leadership, operational integrity, safety, and training values are in line with Vertex’s core values. I am delighted to welcome our 150 new team members, who will complement our existing team and enhance our capabilities and workforce.”

Vertex Resource Group Ltd is a provider of environmental services and solutions, offering a unique combination of consulting, field services and modern equipment. From initial site selection, consultation and regulatory approval, through construction, operation and maintenance, to conclusion and environmental cleanup, Vertex provides a wide array of services to customers operating in the energy, mining, utilities, private development, public infrastructure, construction, telecommunications, forestry, agriculture and government sectors.

Vertex principally operates in Canada with select locations in the United States.

Vertex Resource Group Ltd. (VTX) opened trading at C$0.385 per share.


More From The Market Herald

" @ the Bell: Unrest over COVID sanctions drags markets lower

After a few solid trading sessions, Canada’s main stock index slid back into negative territory on Monday. Tech and industrial shares moved higher.
The Market Herald Video

" Ascendant Resources (TSX:ASND) closes US$15 million financing agreement with Sprott Streaming

Ascendant Resources (ASND) has signed a US$15 million metals stream agreement with Sprott Streaming and Royalty Corp.
The Market Herald Video

" Coelacanth Energy (TSXV:CEI) announces Q3 2022 financial and operating results

Coelacanth Energy (CEI) recently released its latest financial and operating results.

" Blue Star Gold builds on strong drill results

Blue Star Gold Corp (TSXV: BAU/