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BluMetric Environmental delivers environmental consulting and water technology services to commercial and industrial clients, government, military, and mining sectors in Canada and globally. Its offerings span Environmental Engineering and Compliance, Site Assessment and Remediation, Industrial Hygiene and Occupational Health and Safety, Water Resources, and WaterTech. WaterTech designs, builds, and maintains advanced water and wastewater systems, including repair and ongoing support. The company differentiates itself through its integrated, lifecycle approach to environmental and water solutions, a strong Canadian presence, and a focus on sustainable outcomes aligned with SDG 6 (Clean Water and Sanitation for All). Its goal is to create long-term value for clients, partners, and communities by improving water quality, protecting natural and built environments, and ensuring compliant, safe operations.
Industries
Consulting
Industrial & Manufacturing
Company Size
51-200
Company Stage
IPO
Headquarters
Ottawa, Canada
Founded
1976
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Total Funding
$11M
Above
Industry Average
Funded Over
1 Rounds
Ottawa, Ontario--(Newsfile Corp. - April 1, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting
BluMetric announces acquisition of Whitteker Environmental Services to expand recurring water testing services. Rhea-AI Impact (Moderate) Rhea-AI Sentiment Rhea-AI summary. BluMetric (OTCQX: BLMWF, TSXV: BLM) closed the acquisition of Whitteker Environmental Services (WES) on April 1, 2026 for a $1,250,000 purchase price. Consideration included $800,000 cash, 248,576 common shares at $1.01 deemed price, and a cash earnout up to $200,000. WES reported ~$950,000 revenue and ~$350,000 adjusted EBITDA for the 12 months ending Dec 31, 2025. Positive. * Acquisition price set at $1,250,000 * WES reported $950,000 revenue (12 months ended Dec 31, 2025) * Adjusted EBITDA of approximately $350,000 * Adds recurring water testing services and municipal contracts Negative. * Initial $800,000 cash payment reduces company cash reserves * Issuance of 248,576 shares creates shareholder dilution * Earnout of up to $200,000 depends on post-closing revenue performance 04/01/2026 - 10:00 PM Ottawa, Ontario-(Newsfile Corp. - April 1, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce it has closed on the acquisition of all issued and outstanding shares of Whitteker Environmental Services Inc. ("WES"). WES is an Ontario-based provider of water and wastewater system operations and testing services aimed at supporting the management and regulatory compliance of drinking water. "We're excited to welcome WES to the team and expand our recurring water testing services," stated Scott MacFabe, Chair and CEO. "These services are complementary to our current work in Professional Services and executed under multi-year terms with marquee clients like municipalities. This adds to our capabilities in Eastern Ontario while driving high quality revenues that are not impacted by seasonality." Pursuant to the terms of a share purchase agreement dated April 1, 2026, between the Company and Curtis Whitteker, the Company acquired all the issued and outstanding shares of WES for the purchase price of $1,250,000 (the "Purchase Price"). The Purchase Price was satisfied through (a) an initial cash payment of $800,000; (ii) the issuance of 248,576 common shares of the Company (the "Consideration Shares") at a deemed price of $1.01 per Consideration Share; and (iii) a cash-based earnout of up to $200,000 to be paid 12 months after the date of closing (the "Earnout"). The Earnout may be reduced on a pro-rata basis if WES' annual revenue for the 12-month period following the Closing Date is less than annual revenue for the 12-month period prior to the Closing Date. The Consideration Shares will be subject to a four-month hold period. For the twelve-month period ending December 31, 2025, based on unaudited figures currently available, WES' revenues stood at approximately $950,000 with Adjusted EBITDA[1] of approximately $350,000. WES' head office is located at 4147 Brinston Rd, Brinston, Ontario and works with municipalities and other operators to ensure safe, reliable and compliant water services. About BluMetric Environmental Inc. BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm. BluMetric designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges. The Company is supported by more than 335 employees across 16 offices and 3 manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Government, Military, and Mining clients in North America and the Caribbean. | Scott MacFabe, Chair and CEO BluMetric Environmental Inc. Tel: 1-877-487-8436 x242 Email: [email protected] | Dan Hilton, CFO BluMetric Environmental Inc. Tel: 1-877-487-8436 x550 Email: [email protected] | | Brandon Chow, Principal & Founder Panolia Investor Relations Inc. Tel: 1-647-598-8815 Email: [email protected] | / | Forward-Looking Statements This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of BluMetric based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "anticipate", "expect" and similar expressions. Specifically, this news release contains forward-looking statements relating to, but not limited to statements regarding: payment of the Earnout. Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for BluMetric's products and services; general economic and market conditions; competition; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: the Company's ability to execute on its business plan; demand for the Company's products and services; operating assumptions; and financial projections and cost estimates. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form, MD&A and other public documents on file with the Canadian Securities regulatory authorities on www.sedarplus.ca. The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. [1] Adjusted EBITDA is a non-IFRS financial measure and should not be considered in isolation or as an alternative to net income, profit or loss, or any other measure presented in accordance with International Financial Reporting Standards (IFRS). Adjusted EBITDA has been defined by the Company as earnings before interest expense, income taxes, depreciation and amortization, and certain adjustments that may include, without limitation, restructuring and integration costs, impairment charges, share-based compensation, and other non-recurring or non-operating items, as applicable. The Company uses Adjusted EBITDA as a key performance indicator to assess operating performance and to enhance comparability of results across periods, but it may not be comparable to similarly titled measures used by other companies. Faq. What did BluMetric (BLMWF) pay to acquire Whitteker Environmental Services on April 1, 2026? BluMetric paid a total purchase price of $1,250,000 for WES in cash, shares and an earnout. According to the company, payment was $800,000 cash, 248,576 shares at $1.01 deemed price, and up to $200,000 earnout. How will the WES acquisition affect BluMetric's recurring water testing services? The acquisition expands BluMetric's recurring water testing and municipal services in Eastern Ontario. According to the company, WES provides multi-year water/wastewater operations and testing contracts complementary to BluMetric's professional services. What were WES's reported revenue and EBITDA before the acquisition (12 months to Dec 31, 2025)? WES reported approximately $950,000 in revenue and $350,000 Adjusted EBITDA for the 12-month period. According to the company, these figures are based on unaudited, currently available numbers. How many BluMetric shares were issued as part of the WES deal and what restrictions apply? BluMetric issued 248,576 common shares as consideration, subject to a four-month hold period. According to the company, the Consideration Shares were issued at a deemed price of $1.01 per share. What is the structure and timing of the earnout in the blumetric-wes transaction? The earnout is a cash payment of up to $200,000, payable 12 months after closing and subject to revenue performance. According to the company, the earnout may be reduced pro rata if WES's post-closing annual revenue is lower than prior-year revenue.
BluMetric announces $2.0 million wastewater contract for private housing development in Florida. Ottawa, Ontario-(Newsfile Corp. - March 9, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce a US$1.5 million (CA$2.0 million) contract to supply a Membrane Bioreactor (MBR) Wastewater Treatment Plant (WWTP) for a private housing development in Florida. The plant will treat 150,000 gallons per day (GPD) of wastewater and has the option to be expanded to 300,000 GPD through a subsequent phase and purchase order. "Wastewater treatment is becoming a more significant part of our WaterTech business offerings," stated Scott MacFabe, Chair and CEO. "Our continued wins in the space reaffirm our MBR technology platform and its ability to deliver economic performance and reliability to our clients. We continue to see U.S. housing developments, along with plants of this size, as an important driver of our base load revenues as we scale the overall business." The system will be manufactured by the Company's WaterTech USA division in Gainesville, Florida, and is expected to be delivered and commissioned within the next twelve months. Once deployed, the WWTP will be remotely monitored from the Company's operations center, and spare parts and consumables will be provided. In response to the demand for WaterTech USA's products, BluMetric is in active discussions to potentially double its current manufacturing footprint of 25,000 square feet to 50,000 square feet in Gainesville. The additional space would allow the Company to serve higher potential demand, particularly for U.S.-based projects, where quoting and proposals have seen a significant year-over-year increase. About BluMetric Environmental Inc. BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm. BluMetric designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges. The Company is supported by more than 335 employees across 16 offices and 3 manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Government, Military, and Mining clients in North America and the Caribbean. | For more information, visit www.blumetric.ca or please contact: | | Scott MacFabe, Chair and CEO | Dan Hilton, CFO | | BluMetric Environmental Inc. BluMetric Environmental Inc. | | Tel: 1-877-487-8436 x242 | Tel: 1-877-487-8436 x550 | | Email: [email protected] | Email: [email protected] | | Brandon Chow, Principal & Founder | / | | Panolia Investor Relations Inc. | / | | Tel: 1-647-598-8815 | / | | Email: [email protected] | / | Forward-Looking Statements Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Ready to announce with confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
BluMetric closes acquisition of DS Consultants. Ottawa, Ontario-(Newsfile Corp. - December 10, 2025) - BluMetric Environmental Inc. (TSXV: BLM) ("BluMetric" or the "Company"), a full-service environmental consulting and engineering cleantech firm, announced the closing of its previously announced acquisition of DS Consultants Ltd. ("DS Consultants"). Pursuant to the terms of the share purchase agreement dated December 1, 2025, BluMetric acquired all of the issued and outstanding shares of DS Consultants for the aggregate consideration of up to $22,500,000 (the "Purchase Price") which was satisfied on closing by the payment of (i) an initial cash payment by the Company of $10,500,000 and (ii) the issuance of 5,245,468 common shares of the Company (the "Consideration Shares") at a deemed price of $1.4298 per Consideration Share. The balance of the Purchase Price will be paid by way of a cash-based earnout paid over three years of a maximum of $1,500,000 annually, tied to progressive EBITDA targets of $4,000,000, $5,000,000 and $6,000,000. The Purchase Price is subject to DS Consultants retaining total assets net of total liabilities of at least $4,000,000. The number of Consideration Shares paid to the vendors on the closing was determined by the 30-day volume weighted average of the Company's common shares as traded on the TSX Venture Exchange (the "TSX-V"). The Consideration Shares will be subject to a four-month hold period. The acquisition of DS Consultants is an arm's length transaction and the issuance of the Consideration Shares will not result in the creation of a new Insider. No finder's fee was payable by the Company. BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 200 employees operating in ten offices and over 45 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients. For more information, visit www.blumetric.ca or please contact: | Scott MacFabe, CEO Dan Hilton, CFO BluMetric Environmental Inc. Tel: 1-877-487-8436 x242 Email: [email protected] Brandon Chow, Principal & Founder Panolia Investor Relations Inc. Tel: 1-647-598-8815 Email: [email protected] | Dan Hilton, CFO BluMetric Environmental Inc. Tel: 1-877-487-8436 x550 Email: [email protected] |
BluMetric announces closing of $15 million brokered offering. Ottawa, Ontario-(Newsfile Corp. - December 9, 2025) - BluMetric Environmental Inc. BLM (OTCQX: BLMWF) ("BluMetric" or the "Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce that the Company has closed its previously announced best-efforts brokered offering of 11,538,461 common shares of the Company (the "Offered Shares") at a price of $1.30 per Offered Share for aggregate gross proceeds of $14,999,999.30 (the "Offering"). The offering was led by Clarus Securities Inc. and Raymond James Ltd. (together, the "Agents"), as co-agents and co-book runners. The Offered Shares were offered in the provinces of British Columbia, Alberta, Manitoba, Ontario and New Brunswick pursuant to a prospectus supplement dated December 3, 2025 (the "Prospectus Supplement") to the short form base shelf prospectus of the Company dated November 18, 2025 (the "Shelf Prospectus"). The Offered Shares were also offered in the United States or to "qualified institutional buyers" pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or in such other manner as to not require registration under the U.S. Securities Act or any applicable securities laws of any state of the United States. Copies of the Shelf Prospectus and the Supplement can be found the Company's profile on SEDAR+ at www.sedarplus.ca. In consideration for the services rendered in connection with the Offering, the Company paid the Agents a cash fee equal to $899,999.96 representing 6.0% of the gross proceeds of the Offering and issued to the Agents 692,307 broker warrants (the "Broker Warrants") equal in number to 6.0% of the number of Offered Shares issued under the Offering. Each Broker Warrant entitles the Agent to one (1) common share of the Company at an exercise price of $1.30 for a period of 18 months from the date of closing. Proceeds from the Offering will be used to fund the cash portion of the purchase price of the previously announced acquisition of DS Consultants Ltd. ("DS Consultants") and for working capital and general corporate purposes. The acquisition of DS Consultants was announced December 1, 2025. Pursuant to a share purchase agreement dated December 1, 2025, the Company agreed to acquire all of the issued and outstanding shares of DS Consultants for the aggregate consideration of up to $22,500,000 (the "Purchase Price"), which will be satisfied through: (i) an initial cash payment by the Company of $10,500,000; (ii) the issuance of $7,500,000 of common shares of the Company (the "Consideration Shares"); and (iii) a cash-based earnout paid over three years to a maximum of $1,500,000 annually, tied to progressive EBITDA targets. The Purchase Price is subject to DS Consultants retaining total assets net of total liabilities of at least $4,000,000. The number of Consideration Shares paid to the vendors on the closing shall be determined by the 30-day volume weighted average of the Company's common shares as traded on the TSX Venture Exchange (the "TSX-V"). "We maintain a disciplined approach to acquisitions, continuously assessing opportunities that align with our strategic priorities," said Scott MacFabe, BluMetric's CEO. "Our current pipeline is strong, comprising opportunities that we expect to be accretive to the Company. We have structured the purchase price for the acquisition of DS Consultants to include progressive earn-out payments based on achieving EBITDA targets of $4 million, $5 million and $6 million in the first, second and third annual earn-out periods following closing, respectively, consistent with our mutual expectations for the performance of DS Consultants going forward. We remain committed to focusing on deploying capital into opportunities valued at approximately four to six times EBITDA." DS Consultants provides engineering consulting services in the areas of geotechnical engineering, environmental services, hydrogeology, materials inspection and testing, instrumentation and monitoring, and building science. Its services are provided throughout the land development and building construction cycle, including pre-purchase due diligence, design and approvals support, and construction-stage review. The acquisition of DS Consultants Ltd. is expected to close on December 10, 2025 or such earlier or later date as the parties may agree. The securities referred to in this news release have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act. About BluMetric Environmental Inc. BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm. BluMetric designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges. The Company is supported by more than 230 employees across 11 offices and 3 manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Government, Military, and Mining clients. For more information, visit www.blumetric.ca or please contact: Scott MacFabe, Chair and CEO BluMetric Environmental Inc. Tel: 1-877-487-8436 x242 Email: [email protected] Dan Hilton, CFO BluMetric Environmental Inc. Tel: 1-877-487-8436 x550 Email: [email protected] Brandon Chow, Principal & Founder Panolia Investor Relations Inc. Tel: 1-647-598-8815 Email: [email protected] Forward-Looking Statements This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of BluMetric based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "anticipate", "budget", "plan", "goal", "expect" and similar expressions. Specifically, this news release contains forward-looking statements relating to, but not limited to: statements regarding: obtaining all necessary regulatory approvals, including the final acceptance of the Offering by the TSX-V; the listing of the common shares on the TSX-V; and the intended use of the net proceeds of the Offering; and the timing of the closing of the acquisition of DS Consultants. Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for BluMetric's products and services; general economic and market conditions; competition; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: the Company's ability to execute on its business plan; demand for the Company's products and services; operating assumptions; and financial projections and cost estimates. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form, MD&A and other public documents on file with the Canadian Securities regulatory authorities on www.sedarplus.ca. The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277430
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Industries
Consulting
Industrial & Manufacturing
Company Size
51-200
Company Stage
IPO
Headquarters
Ottawa, Canada
Founded
1976
Find jobs on Simplify and start your career today