Distinct Infrastructure Group Inc. (TSXV:DUG) acquired Crown Utilities Ltd. for CAD 16.8 million on November 21, 2017. The purchase price was satisfied through the payment of CAD 13 million in cash and issuance of an aggregate of 2.9 million common shares, half of which will be subject to the statutory four month hold period and balance will be restricted from trading until December 31, 2018. The consideration shares are subject to a statutory four-month hold period, expiring on March 22, 2018. The transaction is subject to customary post-closing working capital adjustments and Crown Utilities was acquired on a debt-free basis. The deal has been financed using the proceeds of a CAD 50 million debt facility consisting of CAD 30 million revolving line of credit, CAD 20 million term loan and CAD 10.3 million brokered private placement. As a part of the transaction, Crown Utilities's experienced management will join Distinct Infrastructure Group and will add more than 500 employees which will allow Distinct Infrastructure Group to further execute its growth strategy. The acquisition is expected to provide immediate accretion to Distinct Infrastructure Group's adjusted EBITDA and adjusted EPS. AltaCorp Capital Inc. acted as the financial advisor on the transaction. Distinct Infrastructure Group paid a finder’s fee in the aggregate amount of CAD 0.14 million to an arm’s length third party. Distinct Infrastructure Group Inc. (TSXV:DUG) completed the acquisition of Crown Utilities Ltd. on November 21, 2017.