BluMetric Acquires Whitteker Environmental for $1.25M

BluMetric Environmental Inc. has closed its acquisition of all issued and outstanding shares of Whitteker Environmental Services Inc. for a purchase price of $1,250,000. WES is an Ontario-based provider of water and wastewater system operations and testing services supporting drinking-water regulatory compliance.

The $1,250,000 consideration was satisfied with an initial cash payment of $800,000, the issuance of 248,576 BluMetric common shares at a deemed price of $1.01, and a cash-based earnout of up to $200,000 payable 12 months after closing. The earnout can be reduced if WES post-closing 12-month revenue falls below the pre-closing 12-month revenue.

For the twelve months ended December 31, 2025, WES reported approximately $950,000 in revenue and approximately $350,000 in adjusted EBITDA.