Majority stake Announced Aug 2015 · Closed Nov 2015
GDI Integrated Facility Services to acquire Ainsworth for ~$20.5M
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Parties
Parties
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
GDI Integrated Facility Services entered an agreement to acquire Ainsworth Inc., a subsidiary of CEDA International Corp., for approximately $20.5 million on a cash-free, debt-free basis, funded via GDI's bank credit facility, assumption of capital leases, and a balance of sale. Closing expected in H2 2015, subject to Competition Bureau approval.