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New Deal


Announced

Completed

Horizon North completed the merger with Dexterra.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

United States

maintenance solutions

Acquisition

Merger

Software

operation solutions

Majority

remote workforce accommodation

Single Bidder

Public

Completed

Synopsis

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Horizon North, a provider of a full range of industrial, commercial, and residential products and services, completed the merger with Dexterra, a provider of quality solutions for the operation and maintenance of built assets and infrastructure including facilities management and operations. Financial terms were not disclosed. Fairfax Financial controls a 49% interest in the newly combined company while existing Horizon North shareholders maintain a 51% interest. Prior to the Transaction, Fairfax Financial had no ownership interest in Horizon North, and the Common Shares were acquired in the normal course of investment activity. "We will be stronger together, building a sustainable and profitable business to create more opportunities for our people and enhance our delivery to the customers we serve and the clients we work for," John MacCuish, Dexterra Chief Executive Officer.

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