Birch Hill-owned GDI to combine with Medwell Capital, go public

Medwell Capital Corp (TSX-V: MWC), an Edmonton-based investment and advisory company, has agreed to combine with GDI Integrated Facility Services Inc, a Montréal-based provider of janitorial and related services to the commercial real estate industry. The arrangement between the two companies will include a cash-and-stock transaction and a concurrent public offering of securities. The resulting public entity will carry on the business of GDI and assume its name. Both GDI and Medwell are portfolio investments of Canadian mid-market private equity firm Birch Hill Equity Partners.

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