32 Degrees-backed Vertex buys Three Star Trucking
Vertex Resource Group Ltd (TSX-V: VTX) has acquired Three Star Trucking Ltd, an Alida, Saskatchewan-based oilfield trucking business. The acquisition reflected a purchase price of $8.9 million, consisting of cash, share issues and promissory notes. Vertex, a Sherwood Park, Alberta-based environmental and industrial services provider, said the deal adds 270 pieces of equipment to the company's fleet and strengthens its service lines in Saskatchewan and the United States. Vertex in 2017 closed an $85.8 million qualifying transaction to go public with the backing of Canadian energy private equity firm 32 Degrees Capital.
16 July 2018•3 mins read
