Transportation M&A » By The Online Investor Staff, updated Tue., Apr. 13, 8:47 AM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #10. TerraVest Capital Inc. — Clarke commercial tank and home heating business
Acquirer:
TerraVest Capital Inc.
Acquiree:
Clarke commercial tank and home heating business (TSE:CKI.CA)
Details:
Clarke Inc. ("Clarke") (TSX: CKI CKI.DB.A) announced today the successful completion of the sale of its commercial tank and home heating business ("Gestion Jerico") to TerraVest Capital Inc. ("TerraVest"). Clarke received $24.9mn for its 75% interest in Gestion Jerico in the form of a 6.5% promissory note with a 3-year term. The acquisition was first announced on January 30, 2014.
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