|Date Announced:||January 26, 2018|
|Client Name:||TerraVest Industries Inc.|
TerraVest Industries Inc. acquired all of the issued and outstanding shares of MaXfield Group Inc. for $21.0 million subject to a working capital adjustment. MaXfield is a privately-owned Alberta based company primarily focused on manufacturing high quality processing, storage and transportation equipment for the propane, anhydrous ammonia and oil and gas markets.
TerraVest will acquire MaXfield using existing cash and credit facilities.