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An update from Elevate Service Group Inc ( (TSE:SERV) ) is now available.
Elevate Service Group Inc. has announced a letter of intent to acquire an Ontario-based electrical services business, enhancing its electrical services division with new customers and revenue streams. This strategic acquisition is expected to bolster Elevate’s operational capabilities, reduce reliance on subcontractors, and create a new regional operations hub, ultimately driving revenue growth and operational efficiencies. The transaction is valued at approximately $1.5 million and is anticipated to close in December 2025, subject to customary conditions and regulatory approvals.
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 partners with national, blue-chip customers to integrate profitable operating businesses across a scalable, national platform. The company aims to provide superior customer outcomes, comprehensive services, and expanded market reach, trading on the TSX Venture Exchange under the ticker ‘SERV’.
Average Trading Volume: 9,539
Technical Sentiment Signal: Buy
Current Market Cap: C$501.1K
See more data about SERV stock on TipRanks’ Stock Analysis page.