Water & Chemicals
SANEXEN acquires Edmonton-based residuals management company APG
By P&PC Staff
By P&PC Staff
SANEXEN Environmental Services has acquired American Process Group (APG), an Edmonton-based environmental company that specializes in dredging, dewatering and residuals management for pulp and paper companies and municipalities.
SANEXEN, a subsidiary of the Montreal-based LOGISTEC Corporation and provider of environmental solutions in site remediation, infrastructure, soil, materials management and water technologies, says the $50-million acquisition will help to expand its business into new markets across North America.
APG is a family-owned company that has been operating in environmental and residuals management in Western Canada and throughout the U.S. 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 technologies to serve customers across North America.
For the year ended Dec. 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,” says Madeleine Paquin, president and CEO of LOGISTEC Corporation, in a statement.
“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.”
APG founders John and Colleen Prince say, “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.”