Alvarez & Marsal (A&M) announced the successful completion of a refinancing for Vertex Resource Group Ltd.. Headquartered in Sherwood Park, Alberta, Vertex is a North American provider of environmental and industrial services, employing over 450 staff. The Company has been undertaking an aggressive roll-up strategy, acquiring and consolidating smaller services companies in Western Canada.

In this role, A&M advised on a combined $65.5 million refinancing with three different lenders. Two senior secured credit facilities were negotiated, comprising a revolver and term loan for a combined size of $60 million. A subordinated credit facility was refinanced with a third lender in the amount of $5.5 million.

As Vertex’s exclusive financial advisor, A&M worked together with the company’s management team to market, structure, arrange and negotiate the refinancing.

“A&M was actively involved throughout a very competitive process” said Terry Stephenson, President of Vertex “A&M helped us secure a favorable refinancing package that provides us with the flexibility to continue to execute upon our business plan. We are extremely pleased with the outcome and appreciated the market knowledge and transaction support that A&M delivered to this situation.”