TerraVest Announces the Acquisition of MaXfield Group Inc.

About this update from Terravest Industries, Inc.

[{"type":"text","content":"\n\n\n\nTerraVest Announces the Acquisition of MaXfield Group Inc.\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\nVEGREVILLE, AB, Jan. 26, 2018\n\n\n\nVEGREVILLE, AB, Jan. 26, 2018 /CNW/ - TerraVest Capital Inc. (TSX: TVK) (\"TerraVest\" or the \"Company\") announced today that it has acquired all of the issued and outstanding shares of MaXfield Group Inc. (\"MaXfield\") for $21.0 million subject to a working capital adjustment. MaXfield is a privately-owned Alberta based company primarily focused on manufacturing high quality processing, storage and transportation equipment for the propane, anhydrous ammonia and oil and gas markets.\n\nDustin Haw, Chief Executive Officer at TerraVest, welcomes the employees of MaXfield and looks forward to their continuing commitment to the business and its customers. \"MaXfield is a natural extension of TerraVest's existing operations and solidifies the Company as a leading manufacturer of equipment for the propane and anhydrous ammonia markets across Canada. In addition, MaXfield is complementary with our existing operations in Western Canada.\" said Mr. Haw.\n\nTerraVest will acquire MaXfield using existing cash and credit facilities.\n\nCaution Regarding Forward-Looking Statements\n\nThis news release contains forward-looking statements.  All statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, statements regarding our strategic direction and evaluation of the business segments and TerraVest as a whole, and other plans and objectives of or involving TerraVest. Readers can identify many of these statements by looking for words such as \"expects\" and \"will\" and similar words or the negative thereof. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. \n\nBy their nature, forward-looking statements require us to make assumptions and, accordingly, forward looking statements are ...

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