The Cincinnati-based EQM, which provides environmental services to government and commercial businesses, acquired all the capital stock of Albuquerque, N.M.-based Vertterre for about $1.5 million, according to a news release.
Vertterre has worked on numerous biomass projects in the southwestern United States using bio-derived waste, landfill gas, municipal solid waste, biomass and steam. Vertterre does design, development and implementation of electrical and thermal energy systems. The company has both public and private sector customers.
"Vertterre is our first acquisition since becoming a public reporting company and fits very well into EQM's strategy of growing both organically and through strategic acquisitions," said James Wendle, EQM president and CEO.