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Energy M&A image Energy M&A » By The Online Investor Staff, updated Tue., Aug. 11, 8:45 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #71. TerraVest Capital Inc. Clarke Inc. commercial tank and home heating business

Acquirer: TerraVest Capital Inc. (TVK.CA)
Acquiree: Clarke Inc. commercial tank and home heating business (CKI.CA)
Details: Clarke Inc. ("Clarke") (TSX: CKI, CKI.DB.A) is pleased to announce that it has entered into a definitive agreement to sell its commercial tank and home heating business ("Gestion Jerico") to TerraVest Capital Inc. ("TerraVest"). The transaction values Gestion Jerico at an enterprise value of $54.0 million. Clarke will receive $24.9mn for its 75% interest in Gestion Jerico in the form of a 6.5% promissory note with a 3-year term.

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.

Open the TVK.CA Page at The Online Investor »

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.

Open the CKI.CA Page at The Online Investor »

Company Name: 
TerraVest Industries Inc (New)
Website: 
www.terravestcapital.com
Sector: 
Oil & Gas Equipment & Services
Company Name: 
Clarke Inc
Website: 
www.clarkeinc.com
Sector: 
Airlines
 

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