Vertex Resource Group Explained

Vertex Resource Group Ltd.
Type:Public
Traded As:
Industry:Environmental, Oil and gas, Utilities, Municipalities
Founder:Terry Stephenson (President & CEO)
Services:Environmental
Revenue: $150.4 million(2018) [1]
Foundation:1962
Location City:Sherwood Park, Alberta, Canada

Vertex Resource Group Ltd. (Vertex) is a publicly traded environmental services company based in Sherwood Park and is traded on the TSX Venture Exchange, under the stock symbol VTX.[2] Terry Stephenson has been president since 2005.[3]

The company has expanded through organic growth and acquisitions to provide services across Western Canada and within select regions of the United States.

History

1962 - 2012

Vertex has roots dating back to 1962, the date in which the acquired company Three Star Trucking Ltd. was established.[4]

2012 - Present

In 2014, Vertex acquired Navus Environmental Inc.[5] Vertex was also named a Gold Standard Winner of Canada's Best Managed Companies.[6] In 2015, Vertex acquired Ignite Energy Services Ltd., Glacier Ridge Ventures Ltd., and Tar Energy Services Ltd.[7]

On October 18, 2017, Vertex became a publicly traded company with common shares traded on the Toronto Venture Stock Exchange.[8]

In 2018, Vertex acquired HMA Land Services, Sonic Oilfield Services Ltd. TSL Industries, a private company providing hydrovac services to the Edmonton, Alberta region and Three Star Trucking Ltd.[9] [10] [11] [12] [13]

Operations

Vertex has 28 Office locations across North America including: Sherwood Park, Calgary, Alida, Calmar, Carlsbad, Dawson Creek, Edam, Fort McMurray, Fort Nelson, Fort St. John, Grande Prairie, Houston, Kindersley, Kola, Leduc, Lloydminster, Regina, Rycroft, Selkirk, Tulsa, Valleyview, Victoria, Watford City, Weyburn, Whitecourt.

Industries Served

Oil and Gas, Oil Sands, Petrochemical, Renewable Energy, Utilities, Agriculture, Forestry, Drilling, Midstream, Mining, Aggregate and Government

Notes and References

  1. Web site: Vertex Resource Group LTD.'s Diversification Pays off Entering 2019 with Record Backlog . 2019-03-28 . 2019-03-28 . https://web.archive.org/web/20190328150913/https://ca.finance.yahoo.com/news/vertex-group-ltd-diversification-pays-123500732.html . dead .
  2. Web site: VTX.V Profile VERTEX RESOURCE GROUP LTD Stock - Yahoo Finance. ca.finance.yahoo.com. en-CA. 2019-03-15.
  3. Web site: Leadership Team. Vertex. Vertex Resource Group Ltd.. 2 February 2016.
  4. Web site: Vertex acquires Three Star Trucking. Zinchuk. Brian. Pipeline News. 2019-03-15.
  5. Web site: Vertex acquires Navus Environmental Inc.. PR Newswire. PR Newswire A UBM plc company. 2 February 2016.
  6. Web site: Congratulations to this year's Canada's Best Managed Companies. Best Managed Companies. Deloitte. 2 February 2016.
  7. Web site: Vertex Acquires Fluid Management & Logistics Companies. Yahoo Finance Canada. Yahoo Finance. 2 February 2016.
  8. Web site: MarketWired.
  9. Web site: 32 Degrees-backed Vertex acquires HMA Land Services. 2018-02-02. PE Hub. 2019-03-15.
  10. Web site: Vertex acquires Sonic Oilfield Services. Estevan Mercury. 2019-03-15.
  11. Web site: Vertex Acquires Virden Area TSL Industries. Lamb. Betty Sawatzky/Barry. DiscoverWestman.com. en-gb. 2019-03-15.
  12. Web site: Vertex acquires private Edmonton hydro-vac company. 2018-07-03. Canadian Underground Infrastructure. en. 2019-03-15.
  13. Web site: Vertex acquires Three Star Trucking. Zinchuk. Brian. Pipeline News. 2019-03-15.