Business
Vertex Resource Group Ltd. Acquires Three Star Trucking
Vertex Resource Group Ltd. Acquires Three Star Trucking Canada NewsWire SHERWOOD...
About this update from Vertex Resource Group Ltd.
[{"type":"text","content":"\n\n\n\nVertex Resource Group Ltd. Acquires Three Star Trucking\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSHERWOOD PARK, AB, July 13, 2018\n\n\n\nAcquisition Substantially Grows Vertex's Fluid Hauling Capacity, Expanding Vertex's Service Offering in the United States\n\n\n\nSHERWOOD PARK, AB, July 13, 2018 /CNW/ - (TSXV : VTX) - Vertex Resource Group Ltd. (\"Vertex\" or the \"Company\") is pleased to announce that it has acquired Three Star Trucking Ltd. (Three Star), an environmental service company providing fluid hauling service, pressure truck services, hot oilers and combo vac services throughout western Canada on July 12th, 2018 (the \"Acquisition\"). The acquisition of Three Star will add over 270 pieces of equipment to Vertex's fleet, making the company's fleet one of the largest in operations serving Saskatchewan, the Montney, and the Duvernay resource plays of Alberta and British Columbia.\n\n\n \n \n\n \nEstablished in 1962, Three Star has been a leader in the industry resulting in the successful growth to date and is currently licensed to haul condensate, NGL, butane and propane between Canada and the United States, holding federal transportation licenses in five states. The Acquisition will allow Vertex to continue to develop its customer base and service offerings within the Company's current operating locations while further expanding into new service offerings and geographical markets including further expansion into the United States. The Acquisition includes numerous high-pressure fluid hauling trailers that will enable Vertex to begin offering propane, butane and NGL fluid hauling services. \n\n\"Through acquiring Three Star we are adding an experienced management team and operators to Vertex in addition to strengthening our service lines in Saskatchewan and the United States. Three Star's proven customer base, experienced management team and safety program allows us to confidently expand this service line. With the completion of this Acquisition, Vertex will be the leading provider of fluid hau...