Cordy Environmental Inc.
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Cordy Environmental Inc. - overview
Location
Calgary, AB, Canada
Primary Industry
Environmental Services
About
Based in Alberta, Canada, Cordy Oilfield Services Inc. , also known as Cordy Environmental Inc. , is an oilfield and construction services company. The firm is publicly traded on the TSX Venture Exchange (TSXV) under the ticker symbol CKK and primarily caters to oil, gas, production, commercial, and residential industries.
The company was acquired in April 2022, by Vertex Resource Group Ltd. , a portfolio company of 32 Degrees Capital and the Cordy Share is expected to be delisted from the TSXV post-acquisition. As of August 2022, Cordy is led by its CEO, Darrick J Evong. The company offers a variety of environmental and construction services including hydro-excavation, drilling rigs, water hauling, facility turnarounds, environmental cleanups, oil fluid hauling, and picker services, in Western Canada.
The firm also offers management and financial expertise, capital resources, and strategic planning services to companies that deal with oilfields and construction industries. Cordy has 2 separate businesses namely Cordy Environmental Inc. offering hazardous goods transportation and contaminant cleanup services to the oil and natural gas industry and Cordy Construction Inc. offering pipeline integrity management, cement-lined pipeline and fiberglass pipeline installation, water injection lines, etc.
The company generated annual revenue of USD 18. 57 million in 2020 which is $2. 2 million, or 14 percent more compared to USD 16. 39 million in 2019.
The April 2022 acquisition will support Cordy to increase the strength and service offerings of the company across its operations.
Current Investors
Vertex Resource Group Ltd.
Primary Industry
Environmental Services
Sub Industries
Environmental Services
Website
www.cordy.ca
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Cordy Environmental Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Cordy Environmental Inc. | - |
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