TerraVest Capital Inc. (TSX:TVK) acquired MaXfield Group Inc. for CAD 16.3 million on January 24, 2018. Consideration is subject to a working capital adjustment and the closing indebtedness. Under the terms of agreement, the total cash consideration of CAD 16.3443 million includes CAD 0.101 million receivable from vendors. Parties will enter into the escrow agreement at closing. TerraVest Capital Inc. will acquire MaXfield Group using existing cash and credit facilities. Post-acquisition, employees of MaXfield will join TerraVest Capital. The transaction is subject to approvals of governmental entity in connection with transaction or any approval required for execution of ancillary agreement. Burnet, Duckworth & Palmer, LLP acted as escrow agent. Fred Davidson of Burnet, Duckworth & Palmer LLP acted as legal advisor for the sellers. Christian Gauthier and Rami Chalabi of Bennett Jones LLP acted as legal advisor for Terravest Capital Inc. Raymond James Ltd. acted as financial advisor for MaXfield Group. TerraVest Capital Inc. (TSX:TVK) completed the acquisition of MaXfield Group Inc. on January 24, 2018.