Business
SALTIRE CAPITAL ANNOUNCES PROPOSED ACQUISITION OF TOOL SHED SALES AND RENTAL INC.; EXPANDS INDUSTRIAL SERVICES FOOTPRINT
SALTIRE CAPITAL ANNOUNCES PROPOSED ACQUISITION OF TOOL SHED SALES AND RENTAL INC.; EXPANDS INDUST...
About this update from Saltire Capital Ltd. Class A
[{"type":"text","content":"\n\n\nSALTIRE CAPITAL ANNOUNCES PROPOSED ACQUISITION OF TOOL SHED SALES AND RENTAL INC.; EXPANDS INDUSTRIAL SERVICES FOOTPRINT\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\nCanada NewsWire\n\n\nAcquisition follows Saltire's 2025 purchase of SanStone Investments LimitedTool Shed transaction expected to add market-leading provider of contractor supplies and safety equipment, enhancing existing SanStone platformFounder-led management team to continue driving business growthTORONTO, Feb. 19, 2026 /CNW/ - Saltire Capital Ltd. (\"Saltire\" or the \"Company\") (TSX: SLT) (TSX: SLT.U) (TSX: SLT.WT.U) is pleased to announce that it has entered into a definitive agreement (the \"Purchase Agreement\") to purchase (the \"Acquisition\"), indirectly through a wholly-owned subsidiary (the \"Purchaser\"), 100% of the voting common shares of Tool Shed Sales and Rental Inc. (\"Tool Shed\"), a leading rental and sales business providing quality contractor supplies, pro-grade tools, and safety equipment in Nova Scotia. The purchase will be funded by a mix of cash, non-voting shares in the Purchaser, and common shares of Saltire (\"Common Shares\"). The Acquisition follows Saltire's 2025 purchase of Sanstone Investments Limited (\"SanStone\") and will significantly expand Saltire's industrial services footprint in Atlantic Canada.\n\"The acquisition of Tool Shed is the direct execution of Saltire's mandate to build and scale market-leading businesses in Canada,\" said Andrew Clark, CEO of Saltire. \"Jason MacPhee and his team have built a best-in-class operator, and we look forward to partnering with them to continue the company's growth momentum. The Tool Shed transaction complements and enhances our existing SanStone platform, scaling our industrial services vertical in Atlantic Canada and adding stable, recurring cash flows to our portfolio.\"\"The partnership with Saltire marks a transformative milestone for our company and is a testament to the strength of the business we've built,\" said Jason MacPhee, President of Tool Shed. \"Tool Shed is proud to beco...