FOR IMMEDIATE RELEASE
Dallas, TX – December 11, 2024 – Concrete Boom Pump Truck (CBPT), the leading manufacturers’ representative in the United States, Africa, and Mexico, has been acquired by VRTCLS (“Verticals”), a strategic player in the energy, construction, and transportation sectors. The deal, involving an undisclosed amount of cash and equity in VRTCLS ENERGY, marks a significant milestone for both companies. The IP and site valuation for the acquisition were conducted by VRTCLS TECH.
Jeff Cline, founder of VRTCLS, commented on the acquisition: “The acquisition of CBPT, along with its intellectual property and incredibly talented team, aligns with VRTCLS’s strategic vision. This move will deliver long-term value to VRTCLS ENERGY and accelerate our mission to revolutionize industries. By closing this acquisition in 2025, alongside four additional targeted acquisitions in the oil and gas sector, VRTCLS ENERGY is poised to make a strong entrance into the industry. Once again, we’re proving that every industry is just one geek away from being UBERIZED!”
CBPT has earned a stellar reputation for its innovative solutions and extensive expertise in construction and transportation technologies. The acquisition enhances VRTCLS ENERGY’s capabilities and sets the stage for transformative growth in the energy and construction sectors.
This acquisition reflects VRTCLS’s commitment to driving innovation and operational excellence. By leveraging the synergies between CBPT’s proven track record and VRTCLS ENERGY’s forward-looking strategy, the combined entity is well-positioned to lead the charge in reshaping traditional industries.
The oil, gas, and energy sectors are experiencing a transformative period, driven by rapid advancements in technology and increased demand for sustainable solutions. VRTCLS ENERGY’s focus on innovation and disruption positions it as a standout player in this evolving landscape. The company’s ability to integrate cutting-edge technologies and strategic acquisitions makes it a top watch for 2025, as it continues to drive progress and redefine industry norms. With CBPT’s expertise and the additional acquisitions planned for the coming year, VRTCLS ENERGY is setting a new standard for adaptability and growth in an industry ripe for modernization. Future acquisitions include niche oil and gas service company factoring, downhole service company, patented technology for the oil and gas industry, Plug and Abandon operations, combined with several others powered by a VRTCLS TECHNOLOHY layer will provide what may become the future roadmap to success for oil and gas companies around the world.
For further information, visit Concrete Boom Pump Truck and VRTCLS.
Media Contact:
Kimberly A. CLine
media@vrtcls.com
About CBPT:
Concrete Boom Pump Truck (CBPT) is a premier manufacturers’ representative specializing in innovative construction solutions across the United States, Africa, and Mexico.
About VRTCLS:
VRTCLS ENERGY is a forward-thinking and dynamic organization leading the way in innovations across the energy, construction, and transportation sectors. Dedicated to revolutionizing industries, VRTCLS employs cutting-edge, technology-driven strategies to “Uberize” and transform these fields, pushing the boundaries of traditional practices.