LOGISTEC TERMINALS NEWS OUR PEOPLE FR TSX: LGT.A:CA: 44.97 0.00% LGT.B:CA: 44.80 0.45% ABOUT US SERVICES INVESTORS SUSTAINABILITY INNOVATION SANEXEN Further Solidifies Position as North American Leader in Environmental Services with Acquisition of APG June 3, 2021 MONTRÉAL, June 3, 2021 /CNW Telbec/ – Today, SANEXEN Environmental Services Inc. (“SANEXEN”), a subsidiary of LOGISTEC Corporation, announced the acquisition of American Process Group (“APG”), an Edmonton-based environmental industry leader, specializing in dredging, dewatering and residuals management, for an aggregate cash consideration of CA$50M, subject to adjustments. This is a significant step toward SANEXEN’s ambitious strategic plan to expand their innovative services both geographically and operationally as they bring their collaborative approach to water main renewal, proven lead solutions, PFAS solutions and site remediation to new markets in Canada and the USA. APG is a family-based company with a solid reputation in environmental and residuals management in Western Canadaand 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. This is an ideal complement to SANEXEN’s suite of environmental solutions which use specialized and unique technologies to serve customers across North America. For the year ended December 31, 2020, APG generated revenue of CA$40.6 million and net earnings of CA$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.” John and Colleen Prince, Founders of APG said, “APG is excited to begin this next chapter of our journey, and what better way to reach more communities than with SANEXEN. Our goal has always been to provide environmental solutions that improve the life of the world in which we live which aligns very well with SANEXEN’s mission and values.” “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.” About LOGISTEC Corporation LOGISTEC Corporation is based in Montréal (QC) and 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. About SANEXEN SANEXEN Environmental Services Inc., a member of the LOGISTEC family, is a leading provider of environmental solutions for the past 35 years. With its key business lines – Site Remediation, Major Projects, Infrastructure, Soil and Materials Management and Water Technologies – SANEXEN continues to deliver creative and customized solutions to industrial, municipal and governmental customers and partners. SANEXEN’s expert environmental engineers and scientists combined with their in-house research and development teams continue to explore and implement new technologies to address the ever-evolving environmental issues the world faces today. SOURCE Logistec Corporation For further information: Jean-Claude Dugas, Chief Financial Officer, Phone: (514) 985-2345, Email: jdugas@logistec.com Related Links http://www.logistec.com BACK TO NEWS Recent Posts SANEXEN Wins the Prestigious Innovation and Environmental Protection Award at the Envirolys Gala LOGISTEC Announces its results of the third quarter of 2021 LOGISTEC Named Terminal Operator of the Year and Wins an Award in Safety at the International 2021 Heavy Lift Awards LOGISTEC Announces its Results of the Second Quarter of 2021 Seven unstoppable Québec entrepreneurs take top EY award Archives November 2021 October 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 January 2021 December 2020 November 2020 September 2020 August 2020 June 2020 May 2020 April 2020 March 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 June 2019 May 2019 March 2019 February 2019 November 2018 October 2018 August 2018 May 2018 March 2018 December 2017 November 2017 August 2017 May 2017 March 2017 February 2017 November 2016 Categories Uncategorized CONTACT US General Inquiries: info@logistec.com Media Requests: comms@logistec.com Tel: (514) 844-9381 Toll Free: 1-888-844-9381 600 rue de la Gauchetiere Ouest 14th Floor Montreal (QC) H3B 4L2 CONTACT US LEGAL NOTICES PRIVACY POLICY © 2021 Logistec We use cookies to enhance your user experience and analyze how our website is used. 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