Birch Hill's GDI to buy CEDA technical services unit for $20.5 mln
GDI Integrated Facility Services Inc (TSX: GDI), which recently completed a going public transaction, has agreed to buy Ainsworth Inc, a provider of a range of technical services to commercial, government and residential building clients in Canada. GDI will pay about $20.5 million for Ainsworth, currently a subsidiary of CEDA International Corp. The deal is expected to close later this year. The Montréal-based GDI said the acquisition will significantly enhance its commercial facility services offering. The company, which merged with Medwell Capital Corp in May, remains a portfolio investment of Canadian private equity firm Birch Hill Equity Partners.
24 July 2015•4 mins read
