GDI Integrated Facility Services Agrees to $36.60-Per-Share Take-Private Deal

GDI Integrated ( (TSE:GDI) ) just unveiled an announcement.

GDI Integrated Facility Services has entered into a definitive arrangement agreement to be taken private by an entity affiliated with Birch Hill Equity Partners and Gestion Claude Bigras Inc. in an all-cash transaction valuing the company’s subordinate voting shares at $36.60 per share, a 25% premium to the latest closing price and a 30% premium to the 20-day volume-weighted average. Under the deal, Birch Hill and CEO Claude Bigras’ affiliated entities will roll over all of their existing multiple and subordinate voting shares into the acquiring vehicle, preserving a significant continuing stake, while minority shareholders receive cash consideration that falls within the independently valued range of $32.00 to $38.50 per share. A special committee of independent directors, advised by Scotiabank as financial advisor, unanimously concluded the transaction is fair to minority shareholders and recommended the board approve it, with the board in turn unanimously urging shareholders to vote in favour, signaling a shift in GDI’s capital structure that removes it from public markets and may provide greater strategic flexibility under private ownership.

The most recent analyst rating on (TSE:GDI) stock is a Hold with a C$30.00 price target. To see the full list of analyst forecasts on GDI Integrated stock, see the TSE:GDI Stock Forecast page.

Spark’s Take on TSE:GDI Stock

According to Spark, TipRanks’ AI Analyst, TSE:GDI is a Neutral.

GDI Integrated’s overall stock score reflects a solid financial foundation with strong cash flow management and operational efficiency. However, the bearish technical indicators and challenges in revenue growth and profit margins weigh on the score. The company’s strategic focus on margin protection and potential M&A activities offer positive future prospects.

To see Spark’s full report on TSE:GDI stock, click here.

More about GDI Integrated

GDI Integrated Facility Services Inc., headquartered in LaSalle, Quebec and listed on the Toronto Stock Exchange, operates in the facility services industry, providing integrated cleaning, maintenance, and related building services across its markets. The company serves commercial and institutional clients, positioning itself as a major player in outsourced facility management solutions in Canada and beyond.

Average Trading Volume: 23,052

Technical Sentiment Signal: Sell

Current Market Cap: C$692.9M

See more data about GDI stock on TipRanks’ Stock Analysis page.