Mergers and Acquisitions:

• Dexterra Group Inc. (TSX:DXT) announced the $67.5MM acquisition of Right Choice Camps & Catering Ltd., an Edmonton based workforce accommodation services and ancillary equipment provider. Right Choice reported $75MM in annual revenue and $15MM in Adjusted EBITDA in its most recent fiscal year. This represents a 4.5x EBITDA multiple.

• Dexterra Group Inc. (TSX:DXT) concurrently announced the US$58.3MM acquisition of a 40 per cent stake in Pleasant Valley Corp., a Medina, OH based facilities management provider serving commercial and industrial clients. The acquisition enhances Dexterra’s facilities management offering and increases its US scale and capabilities. The acquisition also consists of an option to acquire the remaining 60 per cent as early as Q3 2027.

Financing:

• Saskatoon based LiORA, an intelligent site management technology company, raises $5.1MM in seed funding to accelerate AI-driven site remediation platform. Formerly Environmental Material Sciences, LiORA’s platform provides real-time intelligence and advanced analytics to improve the speed and efficiency of site closure processes.

Other:

• The Ontario government issued a request for proposals for a feasibility study to explore a new economic and energy corridor between Alberta and Ontario. The study is also meant to assess the feasibility of port developments on James Bay, Hudson Bay and the Great Lakes, as well as a refinery along the pipeline route.

• According to Stats Canada, the unemployment rate was 6.9 per cent in July, unchanged from June. The Canadian economy lost 41,000 jobs in July, partially offsetting a gain of 83,000 jobs in June.