Business
Elevate Service Group Announces Acquisition of Think Green Solutions, Establishing National Lighting Platform
Acquisition establishes a high-margin national lighting platform, accelerates vertical integratio...
About this update from Elevate Service Group Inc
[{"type":"text","content":"Elevate Service Group Announces Acquisition of Think Green Solutions, Establishing National Lighting PlatformAcquisition establishes a high-margin national lighting platform, accelerates vertical integration, and unlocks cross-selling opportunities across Elevate's rapidly expanding facilities services platformToronto, Ontario--(Newsfile Corp. - March 12, 2026) - Elevate Service Group Inc. (TSXV: SERV) (\"Elevate\" or the \"Company\") is pleased to announce the proposed acquisition of Think Green Solutions Inc. (the \"Proposed Acquisition\") and its affiliated entities (collectively \"Think Green\"). Think Green is a national commercial provider of premium LED lighting solutions and services supporting national and multi-site customers with product sales, installations and technical service work. The acquisition establishes a national lighting platform within Elevate and further accelerates the Company's strategy of building a vertically integrated national facilities services platform.The business specializes in portfolio rollouts and retrofits for the retail, industrial, and institutional sectors across Canada and the United States. Through the acquisition, Elevate expands its ability to deliver integrated electrical, lighting and facilities maintenance services to national multi-site customers.Think Green has demonstrated strong growth over recent years, gaining traction with major location owners and operators across Canada including retailers, grocers, property owners, and industrial operators, while expanding its presence in the United States. Average revenues for 2024 and 2025 were approximately $6.3 million with average EBITDA margins in the 22-24% range.The acquisition aligns with Elevate's disciplined acquisition strategy and is expected to be immediately accretive to the Company's earnings profile based on Think Green's historical margins and complementary service mix.STRATEGIC RATIONALE The acquisition strengthens Elevate's position as a growing national facilities services platform and provides several strategic benefits:Establishes a High-Margin National Lighting VerticalThink Green adds a scalable lighting solutions capability with historical EBITDA margins exceeding 20%, enhancing Elevate's overall margin profile while expanding its service offering. By integrating specialty lighting solutions with Elevate's core...