Avante Logixx raises $18 mln from Fairfax

Avante Logixx Inc, a Toronto-based provider of high-end security services, has secured up to $18 million from Fairfax Financial in a private placement. Also, Avante has agreed to acquire Milton, Ontario-based ASAP, a provider of physical security services, for $10.5 million. Canaccord Genuity Corp. acted as financial adviser to Avante on the private placement.

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