32 Degrees-backed Vertex acquires Sonic Oilfield Services
Vertex Resource Group Ltd (TSX-V: VTX) has acquired the business of Sonic Oilfield Services Ltd, a Calgary environmental services company that provides pressure trucks, fluid hauling, chemical and other products. Vertex, which paid $4.5 million in cash and stock, said the deal expands its presence in Saskatchewan. Based in Sherwood Park, Alberta, Vertex provides environmental and industrial services. Last October, it closed an $85.8 million qualifying transaction on the TSX Venture Exchange with the backing of Canadian energy private equity firm 32 Degrees Capital.
2 January 2018•3 mins read
