Summary
Vertex Energy, Inc., an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments. The Black Oil segment collects and purchases used motor oil directly from third-party generators; aggregates used motor oil from a network of local and regional collectors; and sells used motor oil to customers for use as a feedstock or replacement fuel for industrial burners. The segment also produces and sells a vacuum gas oil product to refineries and marine fuels market; and base oil product to lubricant packagers and distributors. The Refining and Marketing segment gathers hydrocarbon streams in the form of petroleum distillates, transmix, and other chemical products that are purchased from pipeline operators, refineries, chemical processing facilities, and third-party providers; and sells end products, such as gasoline blendstock, pygas, and fuel oil cutter stock to oil companies or to petroleum trading and blending companies. The Recovery segment sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services. Vertex Energy, Inc. was founded in 2001 and is headquartered in Houston, Texas.
History
1962 - 2012
Vertex has roots dating back to 1962, the date in which the acquired company Three Star Trucking Ltd. was established.
2012 - Present
In 2014, Vertex acquired Navus Environmental Inc. Vertex was also named a Gold Standard Winner of Canada's Best Managed Companies.
In 2015, Vertex acquired Ignite Energy Services Ltd., Glacier Ridge Ventures Ltd., and Tar Energy Services Ltd.On October 18, 2017, Vertex became a publicly traded company with common shares traded on the Toronto Venture Stock Exchange.In 2018, Vertex acquired HMA Land Services, Sonic Oilfield Services Ltd. TSL Industries, a private company providing hydrovac services to the Edmonton, Alberta region and Three Star Trucking Ltd.
Mission
Vertex Energy’s mission is to strive for best-in-class operations in the energy and environmental services industry. We leverage innovative technology, exceptional people and a commitment to Compliance to create value for our partners, shareholders and customers.
Vision
Vertex Energy’s vision is to be our customer's preferred supplier of used oil and refined products, exceeding their quality expectations, developing reliable partnerships and driving value to their bottom line.
Key Team
Mr. Alvaro Ruiz (Chief Strategy Officer)
Mr. Bart Rice (Exec. VP)
Mr. David Peel (Corp. Advisor)
John Ragozzino Jr., C.F.A. (Investor Relations Contact)
Mr. Matthew Lieb (VP of Specialty Projects)
Recognition and Awards
Vertex Energy has been named to the National Association for Business Resources 's list of National Best and Brightest Companies to Work For® for seven consecutive years.
References