On June 3, 2021, the shareholders of American Process Group (“APG”) sold all of the issued and outstanding shares in the capital of APG to SANEXEN Environmental Group Inc. (“SANEXEN”) for an aggregate cash consideration of $50 million, subject to adjustments.
APG is an Edmonton-based environmental industry leader, specializing in dredging, dewatering and residuals management, with a solid reputation in Western Canada and throughout the USA, while SANEXEN is a subsidiary of LOGISTEC Corporation, a Montreal-based provider of specialized services in both marine transportation and environmental industries. This is a significant step toward SANEXEN’s 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.
Miller Thomson advised APG and its shareholders on the transaction, with a team led by Kevin Trumpour (Corporate/M&A) and comprised of Brendon Ho (Corporate/Tax); Dan Chubb (Real Estate & Leasing); Tom Duke (Labour & Employment); Nizar Dahrouge (Corporate/M&A); as well as Jordon Magico (Student).
