Business
Canadian Equipment Rental Fund Limited Partnership Announces Agreement to Purchase Maplethorpe Contractors Ltd.
Mar. 28, 2011 (Canada NewsWire Group) -- TSX Venture Symbol:  CFL.UN CALGARY, Marc...

About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n Mar. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Venture Symbol:  CFL.UN\n\n\nCALGARY, March 28 /CNW/ - CERF GP Corp., the general partner of Canadian\n Equipment Rental Fund Limited Partnership ("CERF LP" or the "Partnership"), is pleased to announce that it has entered into an agreement for the\n purchase of 100% of the issued and outstanding shares of Maplethorpe\n Contractors Ltd. ("MCL") a private integrated waste management company based in Wetaskiwin,\n Alberta.  The purchase price for the acquisition is $5,700,000, payable\n by cash in the amount of $3,475,000 and by  the issuance of 890,000\n limited partnership units ("Units") of CERF LP at a deemed price of $2.50 per Unit, subject to closing\n adjustments.  MCL currently generates about $1,800,000 in annual\n EBITDA.  The transaction, which is expected to close on or about April\n 15, 2011, is subject to approval by the TSX Venture Exchange and to\n other regulatory approvals and is subject to other customary closing\n conditions.  Mr. David Maplethorpe, the current Chief Executive Officer\n of MCL, will join the CERF LP team after completion of the transaction\n and continue as the Chief Executive Officer of MCL.\n\n\nMr. Wayne Wadley, President of CERF GP Corp. states, "We are excited\n about the MCL acquisition.  Mr. Maplethorpe has over 37 years of\n experience in the waste management industry.  David's continu...