Business
Place-Crete Systems LP Completed Acquisition of Associated Asbestos Abatement Ltd.
Place-Crete Systems LP Completed Acquisition of Associated Asbestos Abatement Ltd. ...
About this update from Myriad Uranium Corp
[{"type":"text","content":"\n\n\n\nPlace-Crete Systems LP Completed Acquisition of Associated Asbestos Abatement Ltd.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 11, 2017\n\n\n\nCALGARY, Jan. 11, 2017 /CNW/ - Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M, M.PR.A and M.DB) is pleased to announce that Place-Crete Systems LP (\"Place-Crete\"), a 75% subsidiary of Mosaic, has successfully completed the acquisition of the business being carried on by Associated Asbestos Abatement Ltd.  Based in Saskatchewan, Associated Asbestos Abatement Ltd. is involved in the remediation of asbestos, mold and other related substances in Regina and surrounding areas.  Associated Asbestos Abatement Ltd. will provide Place-Crete with additional exposure in the growing Saskatchewan market.  The acquisition, funded by way of cash and a vendor note, was below Mosaic's usual valuation range.\n\nPlace-Crete supplies, applies and finishes a variety of cement based toppings in the residential and commercial construction markets and provides waterproofing solutions to the civil infrastructure market. Products include gypsum floor underlayments used mainly in residential and commercial construction and waterproofing membranes which are applied to bridges, bridge approaches, plaza decks and parkades in both the new and restoration construction.\n\nTroy Pearce, Chief Operating Officer of Mosaic, commented \"We are always looking for opportunities to acquire smaller existing businesses that fit the Mosaic portfolio.  Associated Asbestos Abatement Ltd.'s solid market niche and marketing team will fit well with Place Crete's strong business model.\"\n\nABOUT MOSAIC CAPITAL CORPORATION\n\nMosaic is a Canadian investment company that owns a portfolio of established businesses which span a diverse range of industries and geographies. Mosaic's strategy is to create long-term value for its shareholders through accretive acquisitions, long-term portfolio ownership, sustained cash flows and organic portfolio growth. Mosaic achieves its objectives by maintaining financ...