GDI Integrated Facility Services to acquire Ainsworth for ~$20.5M

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.

“MONTRÉAL — GDI Integrated Facility Services Inc. announced that it has entered into an agreement to acquire Ainsworth Inc., a subsidiary of CEDA International Corp.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.