- Dexterra Group Inc. (DXT) signed a of a purchase agreement to acquire Dana Hospitality LP from Fulcrum Capital Partners for $31.5 million
- This acquisition expands Dexterra’s footprint to education, entertainment, health care, and leisure activities
- Management anticipates realizing the full value including synergies of the book of business in 2023
- Dana Hospitality provides food services to corporations, education, and healthcare institutions across Canada
- Dexterra Group Inc. (DXT) is up 2.07 per cent trading at $8.40 per share as of 2:28 p.m. EST
Dexterra Group (DXT) signed a purchase agreement to acquire Dana Hospitality LP from Fulcrum Capital Partners for $31.5 million.
The transaction is expected to close in early January 2022.
This acquisition expands Dexterra’s footprint to education, entertainment, health care, and leisure activities.
Dexterra has approximately $100 million in annual contracts.
Management anticipates realizing the full value including synergies of the book of business in 2023.
“We are thrilled to be announcing the first acquisition in our M&A strategy by bringing Dana Hospitality, an asset-light facilities management services business with a great reputation, into the Dexterra family,”
says John MacCuish, CEO of Dexterra Group.
“Dana’s high quality client list and superior food and service levels were very attractive and give us a great foundation to build upon.”
Dexterra Group employs more than 6,000 people across Canada.
The company delivers a range of support services for the creation, management, and operation of infrastructure across the country.
Dexterra Group brings regional expertise to every challenge and delivers innovative solutions.
Activities include facilities management services, industry-leading workforce accommodation solutions, innovative modular building capabilities.
John Philp, a partner of Fulcrum Capital Partners, commented,
“We have enjoyed working with the Dana team over the past several years and are confident that its employees and clients will benefit from Dexterra’s scale and complementary service offerings.”
Dana Hospitality provides food services to corporations, education, and healthcare institutions across Canada.
Dexterra Group Inc. (DXT) is up 2.07 per cent trading at $8.40 per share as of 2:28 p.m. EST.
