Track Record
of Success

Stormont Capital Advisors is pleased to announce the following successful transaction in the Industrial Tank Cleaning & Turnaround Services market segment.

Sep. 30, 2022 – Vertex Resource Group Ltd. (“Vertex” TSXV: VTX), announced the acquisition of Young EnergyServe Inc. (Young), a privately held company providing turnkey turnaround solutions, cutting-edge robotic tank cleaning services, and various other industrial services throughout Canada.


The acquisition provided Vertex with technological advancements to augment existing service lines, and 150 full-time staff to facilitate future growth.


Since 1962, Vertex has been a leading North American provider of environmental services. Headquartered in Sherwood Park, Alberta, Vertex employs a staff of approximately 1,150 employees and lease operators that provide services to help clients achieve their developmental and operational goals.


From initial site selection, consultation, and regulatory approval, through construction, operation, and maintenance, to conclusion and environmental cleanup, Vertex provides a wide array of services to customers operating in industries such as energy, mining, utilities, private development, public infrastructure, construction, telecommunications, forestry, agriculture, and government.


Stormont acted as the exclusive financial advisor to Young’s founder and major shareholder, in performing the following activities:

  • Identified suitable target buyers
  • Managed a competitive process with offers from multiple counter-parties
  • Negotiated commercial terms
  • Managed the due diligence process
  • Managed virtual data room
  • Coordinated stakeholders to Closing

Learn more about this transaction here.