Alaris Royalty commits $70 mln to Texas-based DNT Construction
Canadian alternative equity firm Alaris Royalty Corp has made a US$70 million contribution to DNT Construction LLC, a U.S. specialist in turnkey civil construction services to residential, commercial and municipal end markets. The investment entitles Alaris to an annualized full-year distribution of US$10.5 million, which will result in an 18 percent increase in the firm's annualized revenue. DNT, which is based in Austin, Texas, said the proceeds of the deal will allow it to serve existing clients and to explore new markets. Earlier in 2015, Alaris earned a substantial return on its repurchase of equity in Killick Aerospace Group.
2 June 2015•10 mins read
