IAM provides $22 mln of acquisition financing to Lagasco

Integrated Asset Management Corp (IAM) has provided a $22 million loan to Lagasco Inc, a London, Ontario-based oil and gas production and exploration company. The funds raised will be used by Lagasco to acquire a portfolio of producing assets in Southwestern Ontario. The deal will make Lagasco, a family-owned business established in 1976, the largest oil and gas producer in Ontario, IAM said. Last month, IAM, a Toronto-based alternative asset manager and investor in private debt, infrastructure debt and real estate, agreed to be acquired by Montréal-based asset manager Fiera Capital Corp.

DealsCanadaNorth AmericaBriefs