Armtec Infrastructure to be sold to Brookfield's private equity group
Armtec Infrastructure Inc (TSX: ARF) has agreed to sell substantially all of its assets to the private equity group of Brookfield Asset Management for an undisclosed amount. The deal follows the completion of a sale and investment solicitation process commenced in February by Armtec, a Guelph, Ontario-based manufacturer of infrastructure products and engineered construction solutions. Armtec also announced that it has obtained a court order giving it protection pursuant to the Companies Creditors Arrangement Act in order to facilitate approval of the Brookfield deal, which is expected to close in June. Armtec's on-going operations will be funded by a $30 million debtor-in-possession facility provided by Brookfield.
29 April 2015•6 mins read
