Atlas Engineered Products Ltd. acquired Leon Chouinard Et Fils Co. Ltd./ Ltee.
The purchase price for LCF is subject to additional post-closing adjustments based on LCF's working capital, inventory, cash and income taxes payable/receivable at closing. The Consideration Shares issued to former shareholders of LCF are subject to a hold period of four months plus one day from the closing date of the acquisition.
In 2022, Leon Chouinard Et Fils Co. Ltd./ Ltee generated over CAD 25.7 million in revenues, net income of over CAD 6.3 million and non-IFRS measure normalized EBITDA of approximately CAD 9.47 million.
Atlas Engineered Products Ltd. (TSXV:AEP) completed the acquisition of Leon Chouinard Et Fils Co. Ltd./ Ltee on August 23, 2023.