PRINCE GEORGE, British Columbia, July 1, 2015 /PRNewswire/ — Cobalt Industries Ltd. is pleased to announce Change of Ownership effective Tuesday, June 2, 2015.

Peter and Brenda Dawley have acquired all shares of Alliance Group of Companies including: Apex Industrial Solutions Inc., Blackridge Industrial Services Ltd., Cobalt Industries Ltd., Cobalt Industrial Projects Ltd., Dawner Services Ltd., Stone Mountain Projects Ltd., NiRA Resource Management Inc., and Nortech Safety Management Inc.

Under the change of ownership, the company will operate as the Cobalt Group and will concentrate on delivering its core competencies of providing quality and safe industrial/construction maintenance services to the mining, solid wood, pulp and paper, power, and biomass industries.

The change of ownership will enhance Cobalt Industries Ltd. as the company celebrates its 50th year in business in 2015. Cobalt Industries Ltd. will continue to provide quality service to our pulp and paper clients. Peter states, “Brenda and I want to acknowledge the contribution of our employees and clients to our current success and we are extremely excited for the future of this company within the Cobalt Group.”

The Cobalt Group management team is poised to deliver strategic growth, reward employees, and improve shareholder value over the next 5 years. This will be achieved by expanding the company markets and enhancing the services Cobalt Group delivers. Peter states, “As sole owners of the Cobalt Group, Brenda and I have the ability to capitalize on our strong management team and dedicated employees to drive strong safety results and business success.”

Cobalt Group currently employs 24 full-time and over 200 seasonal employees.

Cobalt Group

Peter Dawley

President

250-596-9292

This content was issued through the press release service at Newswire.com. For more info visit: www.newswire.com

Logo – http://photos.prnewswire.com/prnh/20150630/227207LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cobalt-industries-ltd-and-affiliated-companies-announce-change-in-ownership-300107270.html

SOURCE Cobalt Group