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SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF THE ACQUISITION OF SANSTONE INVESTMENTS LIMITED AND SUCCESSFUL FUNDING OF THE CREDIT FACILITY WITH SAGARD CREDIT PARTNERS II, LP
SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF THE ACQUISITION OF SANSTONE INVESTMENTS L...
About this update from Saltire Capital Ltd. Class A
[{"type":"text","content":"\n\n\n\n SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF THE ACQUISITION OF SANSTONE INVESTMENTS LIMITED AND SUCCESSFUL FUNDING OF THE CREDIT FACILITY WITH SAGARD CREDIT PARTNERS II, LP\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n \n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 5, 2025\n \n\n /CNW/ -\n \n Saltire Capital Ltd.\n \n (\"\n \n Saltire\n \n \" or the \"\n \n Company\n \n \") (TSX: SLT) (TSX: SLT.U) (TSX: SLT.WT.U) is pleased to announce the successful closing (the \"\n \n Acquisition Closing\n \n \") of its previously announced acquisition (the \"\n \n Acquisition\n \n \"), indirectly through a wholly-owned subsidiary, of 100%, directly and indirectly, of the issued and outstanding shares of SanStone Investments Limited (\"\n \n SanStone\n \n \") pursuant to a share purchase agreement dated\n \n July 24, 2025\n \n , as amended (the \"\n \n Purchase Agreement\n \n \"). SanStone is a leading owner and operator of heavy equipment dealerships and agricultural equipment dealerships in\n \n Eastern Canada\n \n that owns and operates the Wilson Equipment and Tidal Tractor dealership brands. The Acquisition valued SanStone at\n \n C$70 million\n \n (subject to customary adjustments, the \"\n \n Purchase Price\n \n \"). Saltire satisfied\n \n C$10 million\n \n of the Purchase Price and an Acquisition Closing working capital adjustment that was payable in common shares of the Company (\"\n \n Common Shares\n \n \") by issuing an aggregate of 1,246,071 Common Shares to the vendors at a deemed price of\n \n C$11.78\n \n per Common Shares upon the Acquisition Closing. Certain other Common Shares are issuable to certain vendors pursuant to the Acquisition in specific circumstances.\n \n\n\n\n\n\n\n\n\n\n\n Sagard Credit Facility\n \n\n\n\n The Company is also pleased to announce funding of\n \n US$50.1 million\n \n (the \"\n \n Initial Draw\n \n \") pursuant to its previously announced loan agreement (the \"\...