CALGARY, AB, July 2, 2021 – SECURE Energy Services Inc. (“SECURE”) (TSX: SES) and Tervita Corporation (“Tervita”) (TSX: TEV) are pleased to announce closing of the merger of the two companies.
John Cooper, former President and Chief Executive Officer of Tervita Corporation, stated, “We are delighted to complete the merger with SECURE, and wish to thank all of our shareholders, employees and stakeholders for their support.”
Rene Amirault, President and Chief Executive Officer of SECURE, stated: "We are pleased to now have closed this important transaction combining these two great companies, resulting in the creation of a larger-scale midstream infrastructure and environmental solutions business. Together, our highly talented teams will be better positioned to serve our customers, optimize existing infrastructure assets and operations and to drive greater discretionary free cash flow to the bottom line. We look forward to working with the new SECURE board of directors and newly amalgamated team, and we are excited about the value-creation opportunities of this transaction for all stakeholders."
Read more about the merger in the press release here.