TerraVest ( (TSE:TVK) ) has shared an announcement.
TerraVest Industries Inc. has acquired EnTrans International, a leading manufacturer of tank trailers and transportation solutions, for $546 million, marking its largest acquisition to date. This strategic move is expected to enhance TerraVest’s market position by leveraging EnTrans’ established brand, diverse product lines, and world-class manufacturing facilities. The acquisition is anticipated to provide multiple growth opportunities, including cross-selling and geographical diversification, while also being immediately accretive to earnings per share. Additionally, TerraVest has amended its credit facility to fund the acquisition, demonstrating strong support from its financial partners.
More about TerraVest
TerraVest Industries Inc. operates in the manufacturing industry, focusing on tank trailers and transportation solutions. The company is a market leader in North American tank trailer manufacturing, offering products for sectors such as petroleum, chemical, food-grade, and cryogenic transport.
YTD Price Performance: -2.82%
Average Trading Volume: 100,655
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.12B
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