Vertex Resource Group

What Vertex Resource Group does

Vertex Resource Group Ltd. (TSXV:VTX) is a North American provider of environmental and environmentally focused industrial services, headquartered in Sherwood Park, Alberta, and operating since 1962. The company runs two reportable service lines: Environmental Consulting Services (advisory, asset retirement and restoration, emission management, engineering, environment, and land and engagement) and Environmental and Industrial Services (fluid management, industrial cleaning, pressure and vacuum, tank and vessel cleaning, waste and recycling, and site rentals). It serves five primary verticals — Oil and Gas, Mining and Industrial, Utilities, Agriculture and Forestry, and Government — plus Real Estate and Commercial, with offices across Western Canada (Sherwood Park, Calgary, Edmonton, Grande Prairie, Saskatoon, Surrey, Burnaby, Vancouver) and U.S. operations in Houston and Dallas.

The company differentiates through proprietary technology, notably the ReMoTo remote sensing platform combining AI/machine learning with decades of field data for environmental monitoring, the WELLCAT well engineering analytics software, and Disturbance Recovery Models used for reclamation assessment. It maintains 15,000+ Phase I and 3,500+ Phase II Environmental Site Assessment track record, multi-jurisdictional regulatory expertise (CER, CEAA, FERC, EPA, plus provincial/state/municipal), and a network of Indigenous joint ventures (Acden Vertex, Siksika Vertex, Nekaneet Vertex) enabling Site Rehabilitation Program grant capture.

Vertex generates revenue primarily through project-based, quote-driven consulting engagements and specialized field services, with a diversified mix of enterprise and mid-market clients including Imperial Oil, pipeline operators, mining clients, and government accounts. The Cordy Oilfield Services acquisition (April 2022) was funded with $15M of convertible debentures later restructured in December 2025 (maturity extended to March 2029, coupon raised to 10%). Reported revenue declined from $257.2M (2022) to $219.5M (2025), with net losses in 2024 and 2025, though the consulting segment showed 13% net revenue and 57% EBITDA growth in Q2 2025 and consulting EBITDA +15% in Q1 2026, suggesting a pivot toward higher-margin work.

Name

Vertex Resource Group

Legal name

Vertex Resource Group Ltd.

Website

https://vertex.ca

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Vertex Resource Group (TSXV:VTX) is a North American environmental and industrial services provider founded in 1962, delivering consulting and field services across oil and gas, mining, utilities, agriculture, and government sectors using proprietary ReMoTo remote sensing technology.

Ownership category

akta.pro rank

Product category

Environmental Services

NAICS

Environmental Consulting Services (54162), Environmental Consulting Services (541620), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Management Consulting Services (8742), Services-Engineering Services (8711), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Environmental Compliance & Permitting (BPAHAJAA)

akta.pro secondary industries

Site Assessment & Remediation (Phase I/II, Cleanup Oversight) (BPAHAJAC), Air Quality & Emissions Management (BPAHAJAI)

Keywords

• Environmental consulting
• Environmental site assessment
• Industrial cleaning services
• Reclamation remediation
• Environmental field services

Headquarters

HQ city

Sherwood Park

HQ country

Canada

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Environmental Consulting Services: Advisory, asset retirement, emission management, engineering, environment, and land and engagement services provided to clients across energy, mining, utilities, government and other sectors. Revenue is generated through project-based consulting engagements.
2. Environmental and Industrial Services: Field services including fluid management and logistics, industrial cleaning and maintenance, pressure and vacuum services, tank and vessel cleaning, waste and recycling, and site services rentals. Revenue is generated through equipment rental and specialized service delivery.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Vertex Resource Group provides environmental consulting and environmental and industrial field services across North America. Its environmental consulting practice spans advisory, asset retirement and restoration, emission management, engineering, environment, and land and engagement services covering the project lifecycle from site selection through environmental cleanup. Its environmental and industrial field services include fluid management and logistics, industrial cleaning and maintenance, pressure and vacuum services, tank and vessel cleaning, waste and recycling, and site services rentals. The company serves oil and gas, mining and industrial, utilities, agriculture and forestry, and government sectors, supplemented by proprietary remote sensing technology (ReMoTo) and well engineering software (WELLCAT).

Product overview

Vertex Resource Group is a leading North American provider of environmental services established in 1962, offering a combination of environmental consulting and environmental field services. The company operates two primary service categories: Environmental Consulting Services (Advisory, Asset Retirement & Restoration, Emission Management, Engineering, Environment, and Land and Engagement) and Environmental and Industrial Services (Fluid Management, Industrial Cleaning, Pressure & Vacuum, Tank & Vessel Cleaning, Waste & Recycling, and Site Rentals). The portfolio includes proprietary technology platform ReMoTo for remote sensing and monitoring, and the Well360 Program for integrated drilling and completions services. The company serves five North American sectors: Oil and Gas, Mining and Industrial, Utilities, Agriculture & Forestry, and Government, with operations primarily in Canada and select locations in the United States.

Differentiator

Problem solved

Functional benefit

Brands

• ReMoTo (Remote Monitoring Tools): Proprietary remote sensing and monitoring software platform combining AI-driven machine learning, field expertise, and historical data for environmental monitoring applications.
• Nekaneet Vertex
• Acden Vertex
• Siksika Vertex
• Well360

Products and services

• Environmental Consulting Services Advisory, Asset Retirement & Restoration, Emission Management, Engineering, Environment, and Land and Engagement services spanning the project lifecycle from site selection through environmental cleanup; sold to enterprise clients in oil and gas, mining, utilities, agriculture and forestry, and government sectors.
• Environmental and Industrial Services Field services including fluid management, industrial cleaning and maintenance, pressure and vacuum services, tank and vessel cleaning, waste and recycling, and site services rentals delivered through Vertex's specialized equipment fleet and roughly 1,000 employees and lease operators across North America.
• ReMoTo (Remote Monitoring Tools) Proprietary AI-driven remote sensing platform combining decades of field expertise, rich historical data, and machine learning for comprehensive environmental monitoring. Includes tools for DSA, Linear Impact Assessment, Bog/Fen Assessment, Well Pad Characterization, CHM Tool for vegetation structure, water quality assessment, harvest assessment, and beaver habitat analysis.
• Phase I and Phase II Environmental Site Assessments (ESA) Industry-standard environmental assessments for identifying potential environmental risks and conducting intrusive investigations with soil, groundwater, and vapor sampling to determine contaminant type, concentration, and distribution; used for real estate transactions, oil and gas, mining, and commercial clients.
• Remote Sensing Services Specialized remote sensing services including UAV data analysis, vegetation health monitoring, environmental impact assessment mapping, wetland assessment, and pipeline corridor status monitoring, delivered using Vertex's proprietary ReMoTo technology across North America.
• Environmental Emergency Response Comprehensive spill response services with rapid mobilization across field locations, equipped response units, and full support from initial containment through remediation and regulatory reporting for oil and gas, industrial, and government clients.
• Reclamation & Remediation Services Full-scope reclamation and remediation services across oil and gas, mining, and commercial real estate sectors, managing technical and project requirements from planning through final certification.
• Surface Acquisition Services Specialized land acquisition and management services supporting clients with surface land commitments, including negotiation, acquisition, administration, and right-of-way acquisition.
• Regulatory Approvals Services Integrated land and environmental services supporting efficient project development and regulatory approvals across federal, state/provincial, and municipal levels.
• Mineral Acquisition Services Comprehensive land services supporting acquisition and management of subsurface mineral contracts and agreements across North America, including title work and land administration.
• Vegetation & Plant Sciences Services Vegetation management, reclamation, and revegetation services including rare plant assessments and innovative propagule collection and planting techniques.
• Wildlife Services Comprehensive wildlife assessments, surveys, mitigation strategies, and monitoring services to protect wildlife and habitats while supporting project objectives.
• Waste & Well Services On-site drilling waste management, gas migration testing, surface casing vent flow testing, and well abandonment services using advanced infrared methane detection technology.
• Toxicology & Risk Management Services Risk-based approaches for contaminated sites using environmental risk assessment paradigm to manage contamination efficiently while maintaining human health and environmental protection.
• Fresh Water & Aquatics Services Aquatic environmental services including fish habitat assessments, regulatory reporting, fish rescue, spill response, and environmental planning and design for pipeline and development projects.
• Hydrotechnical Services Hydrotechnical and hydrological services for infrastructure protection, including drainage planning, hydraulic modeling, and watercourse crossing maintenance and mitigation.
• Robotic Tank Cleaning Non-man entry robotic rover (track machine) solution for tank cleaning, reducing personnel exposure to hazardous environments and optimizing VOC treatment costs.
• Fluid Management & Logistics Fluid storage, secondary containment, tank hauling, delivery, setup, and water hauling services for oil and gas and industrial clients.
• Industrial Cleaning & Maintenance Chemical cleaning, exchanger cleaning, high pressure water blasting, and industrial cleaning and turnaround services for oil and gas and industrial facilities.
• Pressure & Vacuum Services Hot oiler services, hydrovac truck services, steam trucks, vacuum pressure trucks, and vacuum trucks for oil and gas and industrial clients.
• Waste & Recycling Services Cement recovery bins, enviro waste bins, general waste bins, scrap metal bins, sewage containment, used oil disposal skids, and waste management and recycling for oil and gas and industrial clients.
• Well360 Program Integrated approach to planning and executing drilling, completions, and tie-ins for oil and gas projects, including regulatory approvals, AFE estimates, and field execution.

Quantifiable outcome

• Environmental Consulting revenue increased 6% and adjusted EBITDA increased 19% in 2025 compared to 2024
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Acden (Acden Vertex Joint Venture)coreStrategic or Co-development PartnerIndigenous partnership with Acden for environmental consulting and reclamation services. Joint venture formed for various projects including oil sands reclamation programs. Siksika Nation partnership through Siksika Vertex joint venture for surface decommissioning projects. Created to provide Indigenous employment opportunities and economic benefits.
• Siksika NationcoreStrategic or Co-development PartnerJoint venture partnership for surface decommissioning and environmental projects on Siksika lands. Partnership includes upfront planning, government grant acquisition through Site Rehabilitation Project, and self-performance as Prime Contractor.
• Nekaneet First NationminorStrategic or Co-development PartnerNekaneet Vertex partnership for Accelerated Phase 2 ESA Program, ensuring work eligibility for Indigenous Credit Pool funds and maximizing local employment opportunities.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SLR Consulting: Global environmental and advisory consultancy with deep North American EHS practice. Comparable offering in Phase I/II ESAs, permitting, mining and energy environmental services, and similar mid-market positioning.
• Stantec: Canadian-headquartered global engineering, environmental and project consulting firm. Overlaps directly with Vertex across environmental assessment, permitting, reclamation and water services, with similar client mix including oil & gas, mining, utilities and government across North America.
• Tetra Tech: Specialist consulting and engineering firm focused on water, environment and sustainable infrastructure. Closely matches Vertex's environmental assessment, reclamation, and regulatory consulting portfolio, with overlapping mining and energy clients.
• GHD: Employee-owned engineering, environmental and construction services firm with a strong Canadian presence. Directly comparable in environmental site assessment, water resources, mining and energy consulting.
• Clean Harbors: North American provider of environmental and industrial services including waste management, field services and emergency response. Closely matches Vertex's Environmental & Industrial Services segment (fluid management, industrial cleaning, waste & recycling).
• ERM (Environmental Resources Management): Pure-play global environmental, health, safety and sustainability consultancy. Competes head-to-head with Vertex on EHS consulting, impact assessments and remediation advisory for energy, mining and industrial clients.

Broad incumbents

• AECOM: Global infrastructure consulting firm with major environment and remediation practices. Competes with Vertex across site assessment, environmental management and engineering services for oil & gas, mining and public-sector clients.
• Arcadis: Global design, engineering and environmental consulting firm. Directly comparable environmental site assessment, remediation and sustainability advisory offerings, particularly in energy and industrial markets.
• WSP Global: Large global professional services firm with extensive environment, earth and water practices. Competes with Vertex in environmental impact assessment, permitting, and remediation across Canada and the US, but at far greater scale and breadth.
• Jacobs Solutions: Global professional services firm with significant environmental, water and infrastructure consulting practices. Overlaps with Vertex on environmental assessment, permitting and remediation for energy and government clients at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Vertex_Group
• Facebookfacebook.com/VertexResourceGroup
• LinkedInlinkedin.com/company/vertex-resource-group-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vertex Resource Group