VANCOUVER, B.C. – July 9, 2021 –RST / Measurand, a portfolio company of Vance Street Capital LLC, today announced the acquisition of 3vGeomatics (“3vG”), a world leader in the use of radar satellite images to detect and measure ground and infrastructure displacement across large areas. The acquisition augments the Company’s trusted geotechnical instrumentation service and creates the industry’s first fully integrated data monitoring and analysis solution with full global reach.
Founded in 2007, 3vGeomatics is headquartered in Vancouver, British Columbia and operates from offices in Calgary, Canada as well as Belo Horizonte, Brazil. With over 50 employees, 3vG produces thousands of Interferometric Synthetic Aperture Radar (InSAR) reports each year and serves clients in over 40 countries for a variety of complex applications where accurate and timeline monitoring is required to detect subsidence, uplift and other movements to prevent environmental accidents, improve safety and maintain operational success. Industries include mining, pipeline, urban infrastructure, transportation corridors, and water management.
“By adding 3vGeomatic’s deep experience in specialized InSAR technology to our existing portfolio, we’ve assembled an industry-first end-to-end full site view, from geotechnical monitoring to InSAR for holistic monitoring. This adds a new dimension to our trusted data offering in a growing global market.” said Mark Price, CEO from RST / Measurand. “The InSAR technology brought to you by 3vGeomatics’ industry-leading experts integrates tightly with the ground-based sensors from RST and Measurand. From underground to aboveground, we deliver trusted, timely and actionable data to blue chip clients around the world through a convenient one-stop solution. We deliver data into a holistic package so our clients can make risk-informed decisions about their critical assets and projects.”
Combined, RST / Measurand and 3vG possess unparalleled geotechnical and monitoring expertise, with over 270 employees and over 90 degreed engineers and geoscientists. Together, the businesses will serve over 1,000 clients in over 60 countries, with a network of over 30 global partners and professionals in Canada, the United States, the United Kingdom, Brazil, Singapore and South Africa.
Adrian McArdle, President, 3vGeomatics said, “We are thrilled to be joining the RST / Measurand team to expand our global reach and co-build an even stronger offering through our innovative InSAR technology. Both companies are longstanding leaders in the geotechnical engineering community and we look forward to a strong and mutually beneficial partnership.”
“As critical asset owners continue to look for ways to enhance the monitoring of their underlying assets, 3vG’s InSAR technology will play a key role in those efforts,” said Steve Sandbo, Principal, Vance Street Capital. “The combination of RST / Measurand’s connected instrumentation and cloud-based data systems with 3vG’s InSAR will provide customers with a holistic monitoring solution that is unmatched in the market.”
Davies, Ward, Phillips & Vineberg LLC and O’Melveny & Myers LLP acted as legal advisors to Vance Street Capital. Ernst & Young Orenda Corporate Finance Inc. served as financial advisor to 3vGeomatics while Affinity Law Group served as legal advisor to 3vGeomatics. Debt financing for the transaction was provided by a lending syndicate led by Bank of Montreal including Canadian Western Bank and National Bank of Canada. Terms of the transaction were not disclosed.