Sanexen Environmental Services Inc., a subsidiary of Logistec Corporation, announced the acquisition of American Process Group (APG), an Edmonton-based environmental services provider, for an aggregate cash consideration of $50 million, subject to adjustments.
APG is a family-based company in Western Canada and throughout the USA. It has been serving industrial clients including pulp and paper manufacturers and municipal and governmental agencies since 2004.
APG’s in-depth experience in residuals management for water, wastewater and waterways includes the clean-up of lakes, lagoons and industrial ponds.
For the year ended December 31, 2020, APG generated revenue of $40.6 million and net earnings of $7.9 million.
“We are very pleased to welcome APG to the Sanexen family,” explained Madeleine Paquin, President & CEO, of Logistec Corporation.
“Together, we will be offering industrial and municipal clients a full-circle suite of solutions, providing new services in the communities where we are each well established. We will be able to build on our solid reputations to work closely with customers and municipalities across North America.”
“When Logistec acquired Sanexen almost 30 years ago, we knew that treating soil and water was the driving force behind everything we do,” added Madeleine Paquin.
“As we built up our expertise and our reputation over the decades, we have looked for new and innovative service offerings to add to our portfolio. With the acquisition of APG, we continue to work with the best and build on our role as leaders in environmental services.”
Sanexen’s key business lines are Site Remediation, Major Projects, Infrastructure, Soil and Materials Management and Water Technologies.