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New Deal


Announced

Completed

Aazhogan completed the acquisition of the International Bridge.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Canada

Acquisition

bridge

United States

Toll Roads

Private

Domestic

Friendly

Majority

Infrastructure

Completed

Synopsis

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Aazhogan, a partnership of Rainy River First Nations and The BMI Group, completed the acquisition of the International Bridge that connects Fort Frances, Ontario and International Falls, Minnesota. Financial terms were not disclosed. "This is a historic day for the people and communities of the Rainy River First Nations. Our ancestors lived on both sides of this river for generations; long before the arrival of settlers and the creation of a border. This was a corridor where families and communities lived, fished, hunted and traded goods. It is a significant moment in our history for this crossing to return to our First Nations people," Rob McGinnis, Rainy River First Nations Chief.

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