Crown Capital-funded Distinct acquires Mega Diesel Excavating
Distinct Infrastructure Group Inc (TSX-V: DUG) has acquired Mega Diesel Excavating Ltd, a provider of hydro vac, vacuum truck and excavating services in the Edmonton region. No financial terms were released. Distinct Infrastructure, a Toronto-based utility and telecom infrastructure contractor, said the deal supports it strategy to expand operations and the company's presence in Western Canada. The acquisition is the first completed by Distinct Infrastructure since it received $20 million in subordinated debt funding from Canadian specialty finance firm Crown Capital Partners last November. The funding is also intended to support growth plans focused on Ontario.
11 March 2016•4 mins read
