Acquisition of Fluid Management & Logistic Company
Sherwood Park, Alberta – October 31, 2016 – Vertex Resource Group Ltd. (Vertex) is pleased to announce that is has acquired Red Giant Energy Services Ltd. (Red Giant), an oilfield service company specializing in the storage, management and logistics of oilfield fluids in the Western Canadian Sedimentary Basin. Red Giant provides total fluid management solutions to those in the industrial and commercial sectors through their fluid storage tanks and secondary containment delivery and setup services, and their well-maintained fleet of tank hauling trucks, equipment and pilot vehicles.
This acquisition expands Vertex’s already established fluid management platform and greatly strengthens the presence of both entities in the Montney and Duvernay shale formations in Alberta and British Columbia.
Terry Stephenson, President of Vertex stated: “We welcome Jason Clemett, President and CEO of Red Giant Energy Services to the Vertex team in his new position as Executive Vice President. I look forward to working with Jason and the Red Giant team to strengthen Vertex’s fluid management and logistic service offering in Western Canada.”
This was echoed by Brian Butlin, Chairman & CEO of Vertex: “Red Giant’s asset pool is very complimentary to Vertex. The addition of Mr. Clemett to our executive team brings a new dimension to our business development and management capabilities.”
Prior to founding Red Giant, Mr. Clemett spent twenty years in the oil and gas service sector holding several senior management and executive positions. Jason Clemett stated: “I look forward to joining Vertex’s management team and I am excited to be a part of such a well-run and established company.”
Established in 1976, Vertex is a leading North American provider of environmental and industrial services. With over 40 years of expertise, Vertex helps clients achieve their development goals through our versatile suite of services. From the initial site selection, consultation and regulatory approval, through the construction, operation and maintenance phases, to conclusion and environmental cleanup, Vertex offers a diverse range of services throughout the life cycle of our clients’ projects.
Vertex serves clients in the oil and gas, oilsands, petrochemical, renewable energy, utilities, agriculture, forestry, drilling, midstream, mining, aggregate and municipal sectors.
Vertex Resource Group Ltd.
121, 2055 Premier Way
Sherwood Park, Alberta T8H 0G2