Announced
Completed
Synopsis
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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