360 Energy Liability Management Acquires Astute Environmental & Regulatory and Continues Systematic Sector Growth

CALGARY, AB, June 1, 2023 /CNW/ - 360 Energy Liability Management Ltd. (360) is pleased to announce the strategic acquisition of Astute Environmental and Regulatory Inc. (Astute).

With the acquisition of Astute, 360 bolsters its core competency in upstream oil and gas site closure, expands deeper into the adjacent midstream/downstream sectors and adds a strong spill response team. With a loyal client roster, Astute has leveraged the technical strengths of their team and founding partners to build a brand centered around their core mission of "cutting through the green tape".

360 CEO Ryan Smith stated that "We are very impressed with the client reputation, the highly technical knowledge and the entrepreneurial nature of the Astute team and we are confident that we have built a strong base at 360 which will allow them to continue to grow their core competencies". Additionally, Smith commented that "There is a high degree of alignment between our respective missions and feel this will be a great foundation for cultural alignment and growth".

Founding partner of Astute, Brendan Davis noted that "The acquisition by 360 provides Astute with a stable platform to grow our business and offer even more competitive and comprehensive services to our clients and we are excited about the prospect of joining forces with 360, a company with a strong brand and a great culture. Together, we will accelerate our growth and continue to provide exceptional service to our clients."

About 360

360 is a purpose and mission driven company with a team of 140+ engineering, environmental and regulatory specialists. With offices and employees in BC, AB and SK, 360 is a brand leader in environmental site closure and oil and gas liability management.  For more information, please visit https://360elm.com/

About Astute

Incorporated in 2014, Astute provides cost-effective environmental and regulatory consulting for the energy industry, commercial, and municipal clients in AB, BC, and SK. Astute has gained a strong reputation for responsive, practical, and efficient solutions to all environmental and regulatory challenges.

For more information, please visit https://astuteenvironmental.com

SOURCE 360 Energy Liability Management

Media inquiries: Ryan Smith, CEO, [email protected]; Dave Lamberton, Manager of Business Development and Marketing, [email protected]