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Slide #70. TerraVest Capital Inc. — Gestion Jerico Inc.
TerraVest Capital Inc. (TSE:TVK.CA)
Gestion Jerico Inc.
TerraVest Capital Inc. (TSX:TVK) (the "Company" or "TerraVest") announced today that it has entered into an agreement to acquire all of the issued and outstanding shares of Gestion Jerico Inc. ("Gestion Jerico"), a privately-owned Quebec based company primarily focused on manufacturing high quality commercial and residential tanks as well as dispensers for a variety of industries in North America. Gestion Jerico is expected to generate Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") of between $11.0 and $11.5 million for the year ended December 31, 2014, which represents double digit accretion to TerraVest.
Terravest Industries is an unincorporated, open-ended, limited purposes trust. Through its subsidiaries, Co. is engaged in providing wellhead processing equipment for the western Canadian natural gas industry, manufacturing heavy-duty equipment for large acreage grain farms and livestock, supplying sheet metal products to the heating, ventilation and air conditioning markets, providing well servicing to the natural gas and oil industries in southwestern Saskatchewan and Alberta and designing, manufacturing and importing home textile products.
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