TerraVest completes $54 mln acquisition of Clarke-backed Gestion Jerico
Canadian private equity firm TerraVest Capital has completed its buy of Gestion Jerico Inc, a Québec-based manufacturer of commercial and residential tanks as well as dispensers. The transaction, which was announced in Jan. 2014, valued the company at $54 million. TerraVest said the acquisition would allow for co-ordination and streamlining of manufacturing processes at Gestion Jerico and another portfolio company, RJV Gas Field Services, as well as cross-selling of products. Gestion Jerico was sold by majority owner Clarke Inc, a Halifax, Nova Scotia-based investor in private and publicly-traded companies. TerraVest has it headquarters in Vegreville, Alberta.
18 February 2014•1 min read
