American Process Group

SANEXEN Environmental Services Inc. a subsidiary of TSX listed Logistec has acquired American Process Group

SANEXEN Environmental Services Inc., a subsidiary of TSX listed LOGISTEC Corp., has acquired American Process Group

Industry:

Waste Management Recycling and Remediation Services

SANEXEN Environmental Services Inc., a subsidiary of TSX listed LOGISTEC Corp., has acquired American Process Group. MNP Corporate Finance Inc. acted as exclusive financial advisor to American Process Group in structuring and negotiating this transaction.

Transaction Brief

This transaction allowed the shareholders of American Process Group (APG) to implement their succession strategy while ensuring the continued success of their business under new ownership.

APG is a family based and highly reputable environmental and residuals management company serving industrial and municipal clients in Western Canada and throughout the U.S. APG’s in-depth experience in residuals management for water, wastewater and waterways includes the clean-up of lakes, lagoons, and industrial ponds. The company specializes in mechanical dewatering, dredging, pumping, digester cleaning and provides turnkey project solutions that include residuals transportation and disposal. APG is headquartered in Stony Plain, Alberta.

SANEXEN Environmental Services Inc. (SANEXEN) is a leading provider of environmental solutions with more than 35 years of operating expertise. With its key business lines — site remediation, major projects, infrastructure and soil, and materials management and water technology — SANEXEN continues to deliver creative and customized solutions to industrial, municipal and governmental stakeholders. SANEXEN’s expert environmental engineers and scientists, combined with their in-house research and development teams, implement new technologies to address the ever-evolving environmental issues the world faces today.

The transaction complements and strengthens SANEXEN’s suite of environmental services which use specialized and unique technologies to serve customers across North America. SANEXEN and APG share common core values and set goals in providing innovative environmental solutions to customers and communities.

SANEXEN is a subsidiary of Montreal-based LOGISTEC Corporation (LOGISTEC), a publicly listed company on the Toronto Stock Exchange (TSX: LGT.A and LGT.B). LOGISTEC provides specialized services in both the marine and environmental industries. Marine services are offered in the areas of bulk, break-bulk and container cargo handling in 53 ports and 79 terminals across North America. LOGISTEC also offers marine transportation services geared primarily to the Arctic coastal trade, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Environmental services are offered through its subsidiaries SANEXEN Environmental Services Inc. and FER-PAL Construction Ltd.