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Elevate Service Group Inc ( (TSE:SERV) ) just unveiled an announcement.
Elevate Service Group Inc. has announced its intent to acquire an Ontario-based security solutions provider, marking its entry into the security services market. This strategic acquisition is expected to expand Elevate’s service capabilities, enhance recurring revenue, and create cross-selling opportunities with its existing customer base. The acquisition is valued at approximately $3.5 million and is part of Elevate’s broader strategy to become a national leader in facilities management by integrating high-quality operators across Canada’s fragmented market. The Target is anticipated to generate over $4 million in revenue for the current fiscal year, contributing significantly to Elevate’s growth and diversification efforts.
More about Elevate Service Group Inc
Elevate Service Group Inc. is a national facilities management and essential commercial services platform focused on consolidating and modernizing the fragmented sector. With over 20 years of experience, Elevate serves national, blue-chip customers by integrating profitable operating businesses across a scalable, national platform. The company aims to deliver superior customer outcomes through shared infrastructure, technology integration, and operational synergies.
For a thorough assessment of SERV stock, go to TipRanks’ Stock Analysis page.