TerraVest

Canaccord Genuity Acts as Co-Bookrunner to TerraVest on its C$321 Million Bought Deal Offering of Common Shares

Canaccord Genuity is pleased to announce that on May 15, 2025, its client TerraVest Industries Inc. (“TerraVest” or the “Company”) (TSX:TVK) entered into an agreement to sell, on a bought deal basis, 1,500,000 common shares at a price of C$160.30 per share, for gross proceeds of C$240,450,000 (the “Offering”), which was subsequently upsized to C$278,922,000, as a result of strong investor demand.

The over-allotment option was exercised in full, and the Company will receive additional gross proceeds of C$41,838,300, for aggregate gross proceeds of C$320,760,300. The offering closed on May 23, 2025.

TerraVest is a growth-focused and value-driven consolidator of businesses in targeted end-markets primarily centered around manufactured steel products. The Company focuses on acquiring and operating market-leading businesses that will benefit from TerraVest’s financial and operational support. The Company has acquired 25+ businesses since 2013.

The net proceeds from the Offering will be initially allocated towards repaying existing debt and supporting general corporate activities, until required for future acquisitions or growth opportunities.

Canaccord Genuity acted as co-bookrunner for the Offering.