TARM, Inc. acquired by The Apex Group


Calgary, AB (March 31, 2012) – Northern Edge is pleased to announce the acquisition of TARM Inc. (Trusted Asset Recovery Management), a full-service asset management and disposition provider, to The Apex Group. Northern Edge served as the exclusive advisor to TARM Inc. The transaction was led by Todd Stephens with the support of Esther Pham and James Barrand out of the Calgary, Alberta office.

“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,” states Scott Wambolt, President of TARM Inc.

TARM Inc. provides a range of services to large corporations in the oil, gas and energy sectors. They work 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 recognizes the environmental issues arising from asset disposal and works within client and industry standards.

“We are delighted to welcome Scott and his team to the Apex Group,” says Apex CEO Stephen Dugard. Stephen continues, “Together we will be providing a high quality, global solution to the major organizations in the oil, gas and energy sector.”

The Apex Group acquired the Canadian firm TARM as part of its long-term plans to expand operations in new markets and improve services to corporate clients. 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. The acquisition also 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.

About TARM Inc.

TARM Inc. is a full-service asset management and disposition provider, which manages the surplus assets inventories for leaders in the energy industry. This includes identifying surplus assets, assisting the client user in the release and preparation of material to asset recovery, asset evaluation, determination of disposal options, internal redeployment, external sales, tax deductible charitable donations, cost avoidance and recycling/scrap management. For additional information please visit their website, www.surplussolution.com.

About The Apex Group

Apex Auctions Ltd. is a provider of auction services of pre-used and new surplus industrial equipment. Apex provides buyers and sellers with a range of services to assist in the liquidation of surplus plant and equipment through its management team, business process and technology. It offers pre-auction services that include provision of specifications and technical data, health and safety risk assessments, and insurance and method statements. For additional information please visit their website, http://www.apex-group.com.

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