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Dexterra Group Completes Investment in Pleasant Valley Corporation
Newsfileยท 2025-07-31 12:30
Investment Overview - Dexterra Group Inc. has acquired a 40% stake in Pleasant Valley Corporation for US$58.3 million, effective July 31, 2025, with an option to acquire the remaining 60% by Q3 2027 [1][2] - The investment will be financed through the company's credit facility [1] Company Profile - Pleasant Valley Corporation, founded in 1976, provides facility management services primarily to commercial and industrial clients in the U.S. [2] - PVC generates approximately US$175 million in annual revenues and has a strong history of profitability and growth potential [2] Strategic Alignment - The investment in PVC is expected to enhance Dexterra's U.S. presence and support long-term profitable growth [3] - Both companies share similar values and commitment to customer service, growth, and technology [3] Workforce and Services - Dexterra employs over 9,000 people and offers a range of support services for infrastructure management and operation across Canada and the U.S. [4] - The company provides integrated facilities management services and workforce accommodation solutions for diverse clients [5]