32 Degrees-backed Vertex acquires TSL Industries
Vertex Resource Group Ltd (TSX-V: VTX) has acquired the business of TSL Industries, a Kola, Manitoba-based provider of vacuum, hydro vac, fluid hauling, hot oiling and pressure truck services. No financial terms were released. TSL, established in 2001, serves the oil and gas industry as well as other sectors, such as utilities. Vertex, a Sherwood Park, Alberta-based environmental and industrial services provider, said the deal grows its service offering and presence in Manitoba. Vertex last year closed an $85.8 million qualifying transaction to go public with the backing of Canadian energy private equity firm 32 Degrees Capital.
11 June 2018•2 mins read
