The Apex Group has acquired Canadian firm TARM as part of its long-term plans to expand operations in new markets and improve services to corporate clients.
Alberta-based TARM, which stands for Trusted Asset Recovery Management, provides a range of services to large corporations in the oil, gas and energy sectors.
It is a comprehensive asset management firm, looking after inventories for some of Canada and America’s energy sector leaders.
The acquisition marks an exciting stage in the growth of The Apex Group and brings a raft of benefits for both firms, as well as their customers.
“We are delighted to welcome Scott and his team to the Apex Group,” says Apex CEO Stephen Dugard.
“Together we will be providing a high quality, global solution to the major organisations in the oil, gas and energy sector.”
TARM deals with all aspects of the asset disposal process, including identifying surplus assets, assisting clients with asset recovery and evaluation, determining disposal options, sales and recycling and scrap management.
The firm recognises the environmental issues arising from asset disposal and works within client and industry standards.
The acquisition means improved disposal capabilities for firms using TARM’s asset disposal service, Apex will be revamping the TARM website to give their clients access to all of the auction and sales technology offered by Apex Auctions.
Scott Wambolt, TARM President, comments: “Apex’s technology and marketing are second to none. The combination of our services is going to prove extremely attractive to a wide range of clients.”
Following sales for industry leaders such as BP, this acquisition further cements Apex’s entrance into the oil and gas industry. Assets for sale by TARM’s customers will be available on all of Apex’s seven region-specific websites, giving a truly global exposure.