PITTSBURGH–(BUSINESS WIRE)–Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced the closing of the previously announced acquisition of the renal business historically operated by Mar Cor Purification and Cantel Medical, subsidiaries of STERIS Plc (NYSE: STE).

Mar Cor is a leading manufacturer and servicer of medical water, commercial and industrial solutions in North America. Headquartered in Plymouth, Minnesota, Mar Cor has 27 service and regeneration facilities in the United States and Canada. Mar Cor offers significant technical expertise in designing, building, and servicing high-purity water treatment systems to an installed base of approximately 5,500 sites.

The business is expected to generate annualized revenues of approximately $180 million and adjusted EBITDA of approximately $27 million before synergies. The addition of the business will expand Evoqua’s service footprint in North America, furthering its reach into the healthcare vertical market.

“We are thrilled to officially welcome Mar Cor to the Evoqua family,” said Ron Keating, Evoqua’s Chief Executive Officer. “With the close of this transaction, Evoqua is well-positioned to expand our service footprint in North America to provide proven water solutions for the healthcare industry.”

About Evoqua Water Technologies

Evoqua Water Technologies is a leading provider of mission-critical water and wastewater treatment solutions, offering a broad portfolio of products, services, and expertise to support industrial, municipal, and recreational customers who value water. Evoqua has worked to protect water, the environment, and its employees for more than 100 years, earning a reputation for quality, safety, and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across ten countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life.^® To learn more, visit www.evoqua.com.

Advisors

BMO Capital Markets is serving as exclusive financial advisor to Evoqua, and Troutman Pepper Hamilton Sanders LLP is serving as legal counsel.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by our use of forward-looking terminology such as “anticipate,” “believe,” “expect,” “goal,” “intend,” “may,” or “will,” or the negative thereof or other variations thereon or comparable terminology. All of these forward-looking statements are based on our current expectations, assumptions, estimates, and projections. While we believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements, including, but not limited to, those risks and uncertainties discussed in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021, and in other filings, we may make from time to time with the Securities and Exchange Commission. All statements other than statements of historical fact included herein are forward-looking statements, including, but not limited to, statements relating to the expected revenue and adjusted EBITDA to be generated by the acquired business and our ability to realize anticipated benefits of the proposed transaction. Any forward-looking statements made herein speak only as of the date of this press release. Except as required by law, we do not undertake any obligation to update or revise or to publicly announce any update or revision to any of the forward-looking statements made herein, whether as a result of new information, future events, or otherwise after the date of this press release. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Non-GAAP Financial Measures

This press release contains a forward-looking projection of expected adjusted EBITDA of the acquired business on an annualized basis. Adjusted EBITDA is not calculated and presented in accordance with generally accepted accounting principles in the United States (“GAAP”). Adjusted EBITDA is defined as net income (loss) before interest expense, income tax benefit (expense), and depreciation and amortization, adjusted for the impact of certain other items, including restructuring and related business transformation costs, share-based compensation, transaction costs, and other gains, losses and expenses that we believe do not directly reflect our underlying business operations. Adjusted EBITDA is one of the primary metrics used by management to evaluate the financial performance of our business. We present adjusted EBITDA because we believe it is frequently used by analysts, investors, and other interested parties to evaluate and compare operating performance and value companies within our industry. Further, we believe it is helpful in highlighting trends in our operating results and provides greater clarity and comparability period over period to management and our investors regarding the operational impact of long-term strategic decisions relating to capital structure, the tax jurisdictions in which we operate, and capital investments. In addition, adjusted EBITDA highlights true business performance by removing the impact of certain items that management believes do not directly reflect our underlying operations and provides investors with greater visibility into the ongoing organic drivers of our business performance. The presentation of this non-GAAP measure is not meant to be considered in isolation or as a substitute for GAAP measures.

With respect to the forward-looking projection of expected adjusted EBITDA of the acquired business on an annualized basis set forth herein, we have not presented a quantitative reconciliation of this forward-looking non-GAAP financial measure to its most directly comparable GAAP financial measure, net income, because it is impractical to forecast certain items without unreasonable efforts due to the uncertainty and inherent difficulty of predicting the occurrence and financial impact of, and the periods in which, such items, including foreign exchange impact and certain expenses for which we adjust, may be recognized. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.

Contacts

Evoqua Water Technologies

Media
Sarah Brown, 506-454-5495 (office)

sarah.brown@evoqua.com

Investors
Dan Brailer, 724-720-1605 (office)

412-977-2605 (mobile)

dan.brailer@evoqua.com

LADERA RANCH, Calif .–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of two recently-constructed self storage facilities in Bradenton, Florida and Apopka, Florida. These represent the seventh and eighth acquisitions in SST VI. Since SST VI launched in the first quarter of 2021, the fund has purchased approximately $85 million of self storage facilities and land parcels to be developed into self storage.

“We are extremely pleased to add these superb properties to our portfolio at SST VI, and expand SST VI’s footprint into the state of Florida,” said Wayne Johnson, Chief Investment Officer of SST VI. “We are quickly amassing a very high quality portfolio that we expect will create strong value and generate strong cash flows for stockholders.”

Located at 2200 Coral Hills Road, the newly constructed facility in Apopka, a suburb of Orlando, is composed of approximately 44,300 square feet of rental space over three single-story buildings. This location is well positioned to serve the areas of Paradise Heights, South Apopka, Hiawassee, Forest City, Ocoee and Pine Hills and has good visibility from Highway 414 and Clarcona Road. The facility has a strong blend of units offered including interior climate controlled, climate controlled drive-up, non climate controlled drive-up, and RV/Boat spaces. Further, it is the only storage facility offering climate controlled drive-up units in the sub-market. Management plans to add an additional 28,250 rentable square feet with the construction of an additional single-story building.

The Bradenton facility, which opened in October 2020, is located at 6424 14th Street West. It offers approximately 64,400 square feet of rental space, all of which is climate controlled. This location serves the areas of Bayshore Gardens, South Bradenton, West Samoset, Whitfield and North Sarasota and has great frontage and visibility along the heavily-trafficked Highway 41. The facility has desirable amenities including a sophisticated security system with high definition camera surveillance, secured and alarmed doors, gated entry, LED lighting, climate controlled drive up units and interior climate-controlled units.

About Strategic Storage Trust VI, Inc. (SST VI):

SST VI is a Maryland corporation that intends to qualify as a real estate investment trust for federal income tax purposes. SST VI’s primary investment strategy is to invest in income producing and growth self storage facilities and related self storage real estate investments in the Unites States and Canada. As of December 30, 2021, SST VI has a portfolio of six operating properties in the United States comprising approximately 3,600 units and 385,000 rentable square feet and two land parcels in Ontario, Canada on which SST VI intends to develop self storage facilities.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop is a self-managed REIT with a fully integrated operations team of approximately 400 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of December 30, 2021, SmartStop is one of the largest self storage companies in North America, with an owned and managed portfolio of 162 properties in 19 states and Ontario, Canada and comprising approximately 109,000 units and 12.4 million rentable square feet. SmartStop and its affiliates own or manage 19 operating self storage properties in the Greater Toronto Area, which total approximately 16,200 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

949-429-3331

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–Further to the announcement by Home Capital Group Inc. (“Home Capital” or the “Company”) (TSX: HCG) on December 22, 2021, the Company announced today that it has taken up 6,896,551 common shares (the “Shares”) at a purchase price of C$43.50 per Share (the “Purchase Price”) under the Company’s substantial issuer bid (the “Offer”) to repurchase for cancellation up to C$300,000,000 of its Shares.

The Shares to be purchased under the Offer represent approximately 13.68% of the Shares issued and outstanding (undiluted) prior to the take-up of the Shares. After giving effect to the repurchase, the number of issued and outstanding Shares will be 43,499,284 (undiluted). None of the directors or management of the Company tendered any of their Shares pursuant to the Offer.

A total of approximately 16.45 million Shares were properly tendered to the Offer and not withdrawn. As the Offer was oversubscribed, shareholders who made auction tenders at C$43.50 per Share and purchase price tenders will each have approximately 45% of their successfully tendered Shares purchased by Home Capital, other than “odd lot” tenders, which are not subject to proration.

Payment for the purchased Shares will be effected by Computershare Investor Services Inc. (the “Depositary”) in accordance with the Offer and applicable law. Any Shares tendered and not purchased will be returned to shareholders promptly by the Depositary.

To assist shareholders in determining the tax consequences of the Offer, Home Capital estimates that for the purposes of the Income Tax Act (Canada), the paid-up capital per Share was approximately C$3.07 as at December 24, 2021. The “specified amount” (for purposes of subsection 191(4) of the Income Tax Act (Canada)) is C$43.45.

The full details of the Offer are described in the offer to purchase and issuer bid circular dated November 15, 2021, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.

Home Capital intends to apply to renew its normal course issuer bid in Q1 2022.

This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares.

Caution Regarding Forward Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to the Company’s completion of a substantial issuer bid, the size of the substantial issuer bid and the renewal of its normal course issuer bid. Please refer to Home Capital’s 2021 Third Quarter Report, available on Home Capital’s website at www.homecapital.com, and on the Canadian Securities Administrators’ website at www.sedar.com, for Home Capital’s Caution Regarding Forward-looking Statements.

About Home Capital

Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Jill MacRae

VP, Investor Relations and ESG

416-933-4991

Investor.relations@hometrust.ca

DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Tiffany Air, LLC (dba Metro Service Company) to Royal House Partners, a holding of CPS Capital. The acquisition closed November 10, 2021.

Metro Service Company (MSC), located in Bethany, Oklahoma, is a leading air conditioning and heating contractor that specializes in commercial and residential projects. In operation for over 30 years, the Company has developed a broad set of capabilities and has completed work on a variety of projects. The Company has strong relationships with key customers in a variety of markets.

CPS HVAC Partners (dba Royal House Partners) headquartered in Dallas, Texas, is a residential and commercial contractor which specializes in HVAC, Plumbing and Electrical services.

CPS Capital Partners, (CPS) located in Toronto, Ontario, Canada, provides business owners with a unique structure that is an attractive option compared to traditional financial or strategic investors. The firm is looking to partner with private companies whose owners are seeking liquidity or growth capital. CPS is primarily focused on opportunities within Canada and the United States.

Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss and his team, led by Senior M&A Advisor, Fred Phillips with support from Vice President, Mergers & Acquisitions, Jacob Mangalath successfully closed the deal. Senior Managing Director, Rick Buchoz established the initial relationship with MSC.

“This is an excellent example of building out a footprint of a larger established operator by acquiring a smaller well-established company, serving both long time commercial and residential customers. It is a win-win for both parties,” said Phillips.

About Generational Equity

Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With more than 250 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

Contacts

For more information:

Carl Doerksen

972-232-1125

cdoerksen@generational.com

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol ” or the “Company”) a leader in smart buildings and cities through IoT, Cloud and SaaS technology, today filed a preliminary base shelf prospectus (the “shelf prospectus”) with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario. This filing, when made final, will enable Kontrol to offer, issue and sell up to $20 million of debt securities, common shares, warrants, subscription receipts, and units or a combination thereof from time to time, separately or together, in amounts, at prices and on terms to be determined based on the market conditions at the time of the offering, and as set out in an accompanying prospectus supplement, during the 25 month period that the shelf prospectus, when made final, remains valid.

This shelf prospectus is being filed to give Kontrol the flexibility to take advantage of financing opportunities at its discretion when market conditions are favourable. The terms of such future offerings, if any, will be established at the time of such offerings. At the time any of the securities covered by the shelf prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities regulatory authorities.

A copy of the shelf prospectus can be found under Kontrol’s profile on SEDAR at www.sedar.com

About Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, heating, ventilation, and cooling (HVAC), emission compliance, and air quality.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws including, without limitation, the filing of the final base shelf prospectus and any prospectus supplement filed in connection therewith, the potential issuance of securities of Kontrol, and the use of proceeds from such offerings. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, risks relating to the timing and filing of the final base shelf prospectus, the potential offering of any securities by Kontrol, uncertainty with respect to the completion of any future offering, the ability to obtain applicable regulatory approval for any contemplated offerings, the ability of Kontrol to negotiate and complete future funding transactions and other risks detailed from time to time in the public filings made by Kontrol, including but not limited to those detailed in Kontrol’s annual information form for the year ended December 31, 2020, copies of which are filed on SEDAR at www.sedar.com.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8

Tel: (905) 766-0400

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

KNRLF@mzgroup.us
Tel: +1 (949) 546-6326

SmartSuite Technology Provides Best-in-Class Demand Response Solution for Commercial Buildings

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities through IoT, Cloud and SaaS technologies, is entering the Quebec demand response energy market for commercial and multi-residential buildings. The Company will leverage its SmartSuite technology to supply a best-in-class demand response management solution.

“The demand response markets are growing rapidly across North America due to advancement of smart technologies, which utilities are increasingly leveraging for operating efficiency and resource allocation,” said Paul Ghezzi, CEO of Kontrol Technologies. “Kontrol is offering a top tier solution through our SmartSuite technology, which has the ability to communicate with local utilities and either reduce power consumption or shut off power demand at the building and suite level, and seamlessly integrate into utilities’ grid management framework. We look forward to serving customers in the Quebec market in the near term, helping to facilitate utility grid optimization, energy conservation and greenhouse gas emission reduction.”

SmartSuite Demand Response

Using Kontrol’s propriety Cloud and energy control system, the Company can integrate its SmartSuite solution with utilities that operate demand response programs through the use of APIs. Most demand response programs provide customer incentives that correlate to kilowatt hours of energy saved. Such incentives can reduce initial capital investment and accelerate adoption of energy savings technologies. Through its operating subsidiary, Hilo, Hydro Québec offers a demand response program which encourages buildings to participate in reducing energy consumption in peak demand periods.

Demand Response Market Size in North America

The Global Smart Demand Response Market size is predicted to reach USD 75.53 billion by 2030 with a CAGR of 14.2% from 2020-2030, according to Next Move Strategy Consulting. North America is anticipated to grow with the highest CAGR, attributable to factors including enhanced developments in smart technologies, high R&D investments, and high consumer awareness. According to Technavio, 59% of growth during the period from 2021-2025 is expected to originate from North America.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

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Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
Tel: (905) 766.040

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

KNRLF@mzgroup.us
Tel: +1 (949) 546.6326

LONDON–(BUSINESS WIRE)–#CommercialRealEstate–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, announced today that an affiliate has provided financing for the redevelopment of 20 Carlton House Terrace, an office building totalling approximately 160,000 square feet in the core office market of St. James’s in London.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We are delighted to complete this transaction in line with our strategy of investing in institutional quality value-add projects in central London. We believe this asset has the potential of becoming one of the best buildings in Mayfair and St. James’s where supply-demand dynamics are particularly favourable for best-in-class office buildings”.

Chris Zlatarev, Principal at H.I.G. Europe Realty Partners, added: “The transaction demonstrates our ability to structure joint ventures with high quality partners focused on creating best-in-class buildings. 20 Carlton House Terrace is a build-to-core re-development to provide state-of-the-art office space with futureproof ESG credentials”.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with over $45 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

H.I.G. Capital

10 Grosvenor Street

London W1K 4QB

United Kingdom

P +44 (0) 207 318 5700

F +44 (0) 207 318 5749

www.higcapital.com

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital” or the “Company”) (TSX: HCG) announced today the preliminary results of its substantial issuer bid (the “Offer”) to repurchase for cancellation up to C$300,000,000 of its common shares (the “Shares”).

In accordance with the terms and conditions of the Offer and based on a preliminary count by Computershare Investor Services Inc. (the “Depositary”), Home Capital expects to take up and purchase for cancellation 6,896,551 Shares at a purchase price of C$43.50 per Share (the “Purchase Price”). The Shares expected to be purchased under the Offer represent approximately 13.68% of the Shares issued and outstanding (undiluted) as at December 21, 2021. After giving effect to the Offer, 43,499,284 Shares are expected to be issued and outstanding.

“Concluding this substantial issuer bid represents a significant step in moving toward our target level of capital,” stated Yousry Bissada, President and Chief Executive Officer of Home Capital. “We have now returned over $900 million to shareholders since December 2018 and we intend to continue returning capital to shareholders by applying to renew our current Normal Course Issuer Bid in Q1 2022.”

Shareholders had the opportunity under the Offer to tender Shares until 5:00 p.m. (Eastern time) on December 21, 2021. The Offer was made by way of a “modified Dutch auction” with Offer prices ranging from C$43.50 to C$48.50 per Share. Based on preliminary results, approximately 16.45 million Shares were tendered under the Offer (including Shares tendered by notice of guaranteed delivery). As the Offer was oversubscribed, shareholders who made auction tenders at C$43.50 per Share and purchase price tenders are expected to each have approximately 45% of their successfully tendered Shares purchased by Home Capital, other than “odd lot” tenders, which are not subject to proration.

The full details of the Offer are described in the offer to purchase and issuer bid circular dated November 15, 2021, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.

The number of Shares to be purchased under the Offer and the Purchase Price and the proration factor are preliminary, subject to verification by the Depositary and assume that all Shares tendered through notice of guaranteed delivery will be delivered within the two trading day settlement period. Home Capital will announce the final results following completion of take-up of the Shares.

This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares.

Caution Regarding Forward Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to the Company’s completion of a substantial issuer bid, the size of the substantial issuer bid and the renewal of its normal course issuer bid. Please refer to Home Capital’s 2021 Third Quarter Report, available on Home Capital’s website at www.homecapital.com, and on the Canadian Securities Administrators’ website at www.sedar.com, for Home Capital’s Caution Regarding Forward-looking Statements.

About Home Capital

Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Jill MacRae

VP, Investor Relations and ESG

416-933-4991

Investor.relations@hometrust.ca

TORONTO–(BUSINESS WIRE)–Please replace the release dated 12/20/21 with the following corrected version.

The updated release reads:

STARLIGHT CAPITAL ANNOUNCES 2022 CASH DISTRIBUTIONS FOR LISTED ETFS

Starlight Investments Capital LP (“Starlight Capital”), announced today the 2022 monthly distributions for its exchange-traded funds (ETFs) – The Starlight Global Infrastructure Fund (NEO:SCGI.UN) and Starlight Global Real Estate Fund (NEO:SCGR.UN). Unitholders of record will receive cash “per-unit” distributions as per the below schedule:

Starlight Global Infrastructure Fund Distribution Rate	Starlight Global Real Estate Fund Distribution Rate	Ex-Div Date	Record Date	Payable Date
$0.0477	$0.0485	10/Jan/22	11/Jan/22	14/Jan/22
$0.0477	$0.0485	7/Feb/22	8/Feb/22	11/Feb/22
$0.0477	$0.0485	7/Mar/22	8/Mar/22	11/Mar/22
$0.0477	$0.0485	4/Apr/22	5/Apr/22	8/Apr/22
$0.0477	$0.0485	9/May/22	10/May/22	13/May/22
$0.0477	$0.0485	6/Jun/22	7/Jun/22	10/Jun/22
$0.0477	$0.0485	4/Jul/22	5/Jul/22	8/Jul/22
$0.0477	$0.0485	8/Aug/22	9/Aug/22	12/Aug/22
$0.0477	$0.0485	2/Sep/22	6/Sep/22	9/Sep/22
$0.0477	$0.0485	7/Oct/22	11/Oct/22	14/Oct/22
$0.0477	$0.0485	4/Nov/22	7/Nov/22	10/Nov/22
$0.0477	$0.0485	5/Dec/22	6/Dec/22	9/Dec/22

For eligible unitholders, a distribution reinvestment plan is available. Interested unitholders should contact their brokers and consult the full text of the plan. A copy of the plan is available on www.sedar.com or can be requested from our Advisor and Investor Experience Department (contact details below).

The tax composition of the ETFs’ distributions will be determined on an annual basis and will be available only after the ETF’s tax year-end.

About Starlight Global Infrastructure Fund

The fund’s investment objective is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure.

About Starlight Global Real Estate Fund

The fund’s investment objective is to provide regular current income by investing globally primarily in real estate investment trusts (REITs) and equity securities of corporations participating in the residential and commercial real estate sector.

About Starlight Capital and Starlight Investments

Starlight Capital is an independent asset management firm offering mutual funds, exchange-traded funds, offering memorandum funds and structured products. Our goal is to deliver superior risk adjusted returns to investors through a disciplined investment approach, Focused Business Investing. Starlight Capital is a wholly owned subsidiary of Starlight Investments. Starlight Investments is a privately held, full service, real estate investment and asset management company. The firm manages over $20.0 billion of assets on behalf of institutional joint ventures as well as publicly listed REITs, closed end funds and investment funds and is driven by an experienced team of over 300 professionals. Please visit us at www.starlightcapital.com and connect with us on LinkedIn.

Contacts

Marco Drumonde
Director, Advisor & Investor Experience

1-647-245-2045

mdrumonde@starlightcapital.com

The first single zone system with R-32 in North America features impressive efficiency gains while reducing emissions vs. R-410A

HOUSTON–(BUSINESS WIRE)–#Daikin–For the first time in North America, Daikin is launching a home comfort product featuring R-32, a refrigerant with one-third the Global Warming Potential (GWP) of the most common refrigerants currently being used in the United States and Canada.

The new Daikin ATMOSPHERA system featuring R-32 refrigerant from Daikin North America LLC is a single zone, ductless system that gains impressive efficiencies over its R-410A predecessor line, the LV Series, with up to 27.4 SEER, 13.8 HSPF and 16.3 EER ratings for ultra-efficient cooling and heating. Four sizes of indoor and outdoor heat pumps are available, from 9,000 to 24,000 BTU.

“Daikin has sold over 33 million R-32 systems in more than 100 countries and regions,” said Takayuki (Taka) Inoue, Executive Vice President and Chief Sales and Marketing Officer. “We are excited to be the first to bring this proven technology to North America. With an estimated 160 million R-32 systems sold by Daikin combined with other manufacturers worldwide, we are confident R-32 has the all-around performance benefits to make it the ideal replacement for R-410A.”

“Daikin ATMOSPHERA brings North America a powerful, new single-zone system that has a lower GWP, is more efficient and may help lower end-user electric bills compared to R-410A models,” explains Connie Schroder, Sr. Product Manager – Single and Multi-Zone Systems for Daikin. “We’ve also built advanced features into Daikin ATMOSPHERA heat pumps that improve comfort, cleanliness, and usability while simplifying maintenance.”

Daikin ATMOSPHERA’s heat pump performance over its R-410A predecessor is substantial, offering greatly enhanced heating and cooling capacities. The units feature up to 100 percent rated heating capacity at 5°F WB ( -15° C WB) and confirmed continuous operation as low as -13°F WB (-25°C WB). Rated cooling capacity is up to 100 percent at 115°F DB (46°C DB).

New hybrid cooling technology efficiently controls humidity, even in low-cooling loads, and maintains dehumidification effect after the target temperature is reached. Daikin ATMOSPHERA’s novel “CLEAN” operation dries the interior of the indoor unit to reduce the amount of condensation present, while a detachable drain pan allows for easy cleaning.

With the indoor unit’s built-in Wi-Fi, the system can be controlled via the internet with the Daikin Comfort Control App without the need for an additional adaptor. Daikin ATMOSPHERA’s Intelligent Eye employs an infrared sensor to detect movement in the room. If the room is empty for 20 minutes, the set point is changed to start saving energy.

Installation is now more flexible with 50 percent longer piping lengths up to 49 feet, compared to other Daikin single zone systems.

Indoor units include a wireless infrared controller and are compatible with the full suite of optional s21-based single and multi-zone controls solutions, including the Daikin One+ smart thermostat.

Daikin ATMOSPHERA is currently available in Washington, Oregon, and Florida.

Daikin ATMOSPHERA single zone systems are backed by a 12-year parts limited warranty. Complete warranty details available from your local dealer/contractor or at www.daikincomfort.com. To receive the 12-year parts limited warranty, online registration must be completed within 60 days of installation. Online registration is not required in California or Québec.

For more about Daikin ATMOSPHERA and the low-GWP potential benefits of R-32, visit www.DaikinAtmosphera.com and www.R32Reasons.com.

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About Daikin

Daikin Industries, Ltd. (DIL) is a Fortune 1,000 company with more than 84,870 employees worldwide and is the world’s number 1 air conditioning company. Daikin North America LLC (DNA) is a subsidiary of DIL. DNA and its affiliates manufacture heating and cooling systems for residential, commercial and industrial use and are sold via independent HVAC contractors. DNA engineering and manufacturing is located at Daikin Texas Technology Park near Houston, TX. For additional information, visit www.northamerica-daikin.com.

Additional Information:

Before purchasing this appliance, read important information about its estimated annual energy consumption, yearly operating cost, or energy efficiency rating that is available from your retailer.

Contacts

Marc Bellanger – Director of Marketing & Communications – 713.263.5505

DaikinMedia@DaikinComfort.com

American Rental Association members step up to assist communities impacted by natural disaster

MOLINE, Ill.–(BUSINESS WIRE)–During the evening hours of Dec. 10 and into Dec. 11, parts of Arkansas, Illinois, Kentucky, Mississippi, Missouri and Tennessee were hit with the deadliest U.S. outbreak of tornadoes in a decade. The storm spawned at least 20 tornadoes, according to The Weather Channel. The path of destruction left at least 74 people dead in Kentucky, six in Illinois, four in Tennessee, two in Arkansas and two in Missouri. As of Dec. 14, the total death toll of 88 exceeds the 76 deaths caused by tornadoes in the U.S. in all of 2020.

Several towns across the region were left in ruins like Mayfield, Ky., which took a direct hit from an EF-4 tornado with wind speeds between 166 and 200 mph. Two and a half hours away, Bowling Green, Ky., was hit by at least two tornadoes — one being an EF-3 with winds between 136 and 165 mph.

Jordan Clarke — an ARA Insurance preferred agent and vice president of Charles M. Moore Insurance Agency — lives in Bowling Green where more than a dozen people were killed by the storm.

Clarke reported to the American Rental Association (ARA) that rental business E-Z Rent It in Bowling Green was leveled, and another building was severely impacted.

“It [the tornado] hit several residential areas and the main business thoroughfare that had a lot of commercial businesses,” said Clarke.

“Our downtown area was OK. It jumped around. It hit one area of our community that had a lot of apartments and single-family homes, skipped an area of town and then hit the business district and then hit another residential area. It bounced around and was very random. On one side of the street, the houses were destroyed. On the other side, the houses were OK. It has been very heartbreaking to see this, especially this time of year,” he said.

In Mayfield, Hutson, a John Deere dealership was hit by a tornado.

“John Deere has been in communications with Josh Waggener, resident and CEO of Hutson, since the storm hit, offering our full support,” said Jennifer Hartmann, director, public relations, John Deere.

“Through the deployment of our Enterprise Disaster Support Program, we have partnered with Hutson to provide financial assistance to strengthen community disaster response. Despite their own losses, the Hutson team has stepped up by using equipment from its store to assist with the urgent rescue efforts at the candle factory located next door to the dealership,” Hartmann said.

Sunbelt Rentals, Fort Mill, S.C., has mobilized both team members and equipment into several of the affected areas. In Edwardsville, Ill., parts of the community were damaged after an EF-3 tornado tore through the area. An Amazon warehouse partially collapsed, killing six people.

“We have team members in the Edwardsville area providing temporary structures, debris removal, lighting and temperature control to a distribution warehouse that sustained heavy structural damage,” said Walter Hoehn, emergency response and strategic customer support manager, Sunbelt Rentals.

“In Mayfield, our Emergency Response Team is engaging in site-by-site coordination with local entities to determine the best course for restoration and recovery,” Hoehn said.

Caterpillar, Deerfield, Ill., released a statement from the Caterpillar Foundation, the philanthropic arm of Caterpillar.

“Caterpillar and Cat® dealers are assisting relief efforts by providing equipment and generators to assist in rescue and cleanup. To date, this includes power to waste water treatment plants, water stations and healthcare facilities, and portable generators to support community members impacted by the disaster,” the statement said.

The ARA Foundation is offering Disaster Relief Grants to rental operations and their employees who have been severely impacted by the recent tornado outbreak. The relief grants are designed to help rental businesses rebuild and rental employees experiencing financial hardship following a natural disaster.

“It’s the mission of The ARA Foundation to provide opportunities and assistance for those in the equipment and event rental industry and the communities where they live and work. To help people repair and recover their businesses and homes, The ARA Foundation is pleased to offer financial assistance through business and employee grants,” says Marcy Wright, ARA Foundation executive director.

As Clarke’s community and numerous others move from recovery efforts to rebuilding, he said, “it is really amazing when you see a disaster like this happen, everyone pulls together. It gives you a good sense that people are good and that everyone wants to help. Everyone wants to know what to do. It has been amazing to see the outpouring of support from people from all over the place.”

Photos of E-Z Rent It in Bowling Green, KY. Photos courtesy of Jordan Clarke.

About ARA: (www.ARArental.org) The American Rental Association, Moline, Ill., is an international trade association for owners of equipment and event rental businesses and the manufacturers and suppliers of construction/industrial, general tool and event rental equipment. ARA members, which include more than 11,000 rental businesses and more than 1,000 manufacturers and suppliers, are located in every U.S. state, every Canadian province and more than 40 countries worldwide. Founded in 1955, ARA is the source for information, advocacy, education, networking and marketplace opportunities for the equipment and event rental industry throughout the world.

Contacts

ARA Contact: Debby Schaller (debby.schaller@ararental.org); 800.334.2177, ext. 275

 

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its December 2021 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The December distribution will be payable on January 14, 2022 to unitholders of record as at December 31, 2021.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca