TerraVest Industries Inc. Announces Closing of Upsized Bought Deal Offering of Common Shares and Concurrent Closing of the Over-Allotment Option

Group 1 - TerraVest Industries Inc. has successfully closed a bought deal treasury offering, issuing 2,001,000 common shares at a price of $160.30 per share, resulting in gross proceeds of $320,760,300 [1] - The offering included the full exercise of an over-allotment option, contributing an additional 261,000 shares for gross proceeds of $41,838,300 [1] - The net proceeds from the offering will be used primarily for repaying existing debt and supporting general corporate activities, with future allocations for acquisitions or growth opportunities [2] Group 2 - TerraVest is a diversified industrial company that manufactures and sells products for various end-markets, including home heating products, propane, and natural gas liquids transport vehicles [3] - The company aims to acquire and operate market-leading businesses that can benefit from its financial and operational support [3]