Vertex acquires 32 Degrees' platform company Ignite Energy Services
Vertex Resource Group Ltd has bought Ignite Energy Services Ltd, Glacier Ridge Ventures Ltd and Tar Energy Services Ltd for an undisclosed sum. The companies are providers of fluid production hauling and management services, and operate vacuum trucks, pressure trucks, hydro-vac trucks, steam trucks and water trucks. The Sherwood Park, Alberta-based Vertex said the deal will expand the depth of its oilfield services division and environmental consulting and safety and medical divisions. Calgary's Ignite was a platform investment of Canadian private equity firm 32 Degrees Capital. It acquired Glacier and Tar in 2014, according to a LinkedIn profile.
2 September 2015•2 mins read
