TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) will report financial results for the three months and full year ended December 31, 2021 on Thursday, February 17, 2022 before markets open.

Home Capital’s executive management will host an audio conference call webcast on the same day at 8:00 a.m. EST. Management will discuss the Company’s financial results and follow with a question-and-answer period for analysts and investors.

Participants may register in advance for the conference call by clicking HERE.

The conference call will also be webcast live on the Company’s website. Presentation slides accompanying the live audio webcast will be available on the Company’s website at www.homecapital.com in the Investors section of the website.

The archived audio webcast will be available for 90 days on the Company’s website at www.homecapital.com.

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

WINNIPEG, Manitoba–(BUSINESS WIRE)–#AI–Keeping equipment and assets running properly, it’s important to get ahead of the maintenance curve. Being proactive and relevant when it comes to trends in the asset management industry means knowing the biggest challenges and how to resolve them. With all the unknowns in the last couple of years, the asset management industry has been relatively lucky with the ability to carry on business. The industry is growing in line with inflation with a forecast of 8.7% from 2020 to 2026, according to Markets and Markets.

The shift from traditional paper systems towards modern CMMS solutions is helping drive industry growth. With the need for virtual and remote solutions due to the pandemic, advanced technologies such as cloud-based systems are helping businesses overcome today’s challenges while showcasing new opportunities for the future.

What to Look for In Asset Management in 2022

1. Mobile CMMS
   While not a new trend, mobile tools are quickly becoming the industry norm as businesses are recognizing the value. Combine that with the availability of cost-effective mobile devices and a workforce that is well-versed in its usage. Now companies can deliver real-time data straight from the source.
2. Preventative Maintenance Focus
   
   The need to be proactive as opposed to reactive has become forefront in the industry to reduce unplanned downtime, increase asset lifespans, lower costs, increase safety and most importantly increase efficiency with insights available through CMMS.
3. Increased Digital Inspections
   
   More and more organizations have multiple levels of compliance and regulatory requirements. The ability to complete, file and store equipment and asset inspections will provide huge time savings, less paperwork, real-time updates and digital sign-offs for accountability.
4. Cloud-Based Solutions
   
   In today’s world, the need for any time anywhere has become imperative for businesses to operate efficiently. Without the need for on-site software, companies only have to deal with smaller monthly expenses as opposed to large capital expenditures and ongoing maintenance. Security and redundancy are required features of any high-level CMMS, most can integrate with your enterprise systems and you won’t need to deal with dedicated IT personnel.
5. AI (Artificial Intelligence)
   
   Adding AI to the CMMS solution helps teams work smarter, not harder by automating repetitive jobs and maintenance planning, allowing you to focus on value-added activities. It can identify maintenance requirements, prioritize and adjust schedules to ensure the right person is assigned to the right task.

If the last couple of years has taught us anything, it’s time to become fluid, adaptable, innovative and focused on customer-centric business practices. As our world changes daily, businesses have to be able to adjust on the fly and provide the required information in a timely fashion with a focus on reducing costs, downtime and increasing efficiencies. If you’re ready to make the move towards the future, there’s never been a better time to setup enterprise asset management than right now. Maxpanda’s Enterprise Asset Management Software is an all-encompassing solution for your asset management needs. Learn more at maxpanda.com.

Maxpanda is an award-winning software for maintenance professionals empowering staff and vendors to work more efficiently. Maxpanda’s CMMS software platform is simple and affordable, and allows maintenance departments of all sizes to perform preventive maintenance tasks more efficiently through the included GoMAX mobile assistant app. For more information visit https://www.maxpanda.com.

Contacts

Media contact:

Steve Kyriakidis

Email: steve@maxpanda.com
Phone: 1-424-272-6675

Dehumidified Air Solutions, manufacturer of the three leading pool dehumidifier brands, funds 15k for scholarship program

OTTAWA, Ontario & MONTREAL & YORK, Pa.–(BUSINESS WIRE)–#HVAC–Dectron, PoolPak and Seresco, three of North America’s leading pool dehumidifier brands, have launched a scholarship program designed to help students pursue an education in engineering and increase their awareness of natatorium (indoor pool) design. Each of the three brands will award a $5,000 scholarship to a student in Canada or the U.S. who is enrolled in a mechanical or building engineering bachelor’s degree program for the 2022-2023 academic year.

In 2019, the number of awarded bachelor’s degrees in engineering totalled 18,154¹ in Canada and 144,818² in the U.S., indicating a large pool of prospective engineers annually. Through the scholarship application process and ambassador program, Dectron, PoolPak and Seresco want to ensure that students and ultimately graduates are aware of the important considerations of natatorium design and the associated opportunities when entering the workforce.

“A natatorium is one of the most notoriously difficult facilities to design because there are so many critical considerations that, if overlooked, can develop into serious problems affecting the building structure or result in an unpleasant experience or ill-health effects for the occupants,” said Bob Phillips, Vice President of Sales for Dehumidified Air Solutions, Pools Division. “The indoor pool environment and the communities served will certainly benefit from a greater number of new engineers who have become exposed to and knowledgeable about HVAC for natatorium design, and it is our hope that this scholarship program will achieve this.”

Scholarships will be awarded based on academic performance, understanding natatorium design and letters of reference. Students in at least their second year of studies with at least one year remaining are eligible. Complete eligibility requirements and how to apply are listed on the Dectron, PoolPak and Seresco website scholarship pages. The deadline to apply is June 30, 2022, and scholarships will be awarded by July 29, 2022, through the post-secondary institutions the recipients are attending.

About Dehumidified Air Solutions

Dehumidified Air Solutions, part of the Indoor Air Quality (IAQ) division of Madison Industries, is North America’s home to the industry’s three most respected pool dehumidifier brands, Dectron, PoolPak and Seresco. Focused on delivering exceptional IAQ through HVAC temperature and humidity control, Dehumidified Air Solutions manufactures the industry’s most reliable, innovative, technologically advanced indoor pool dehumidification equipment so that owners, contractors, and engineers can create the optimal natatorium environment.

About the Brands

With over 40 years of success, Dectron is the indoor pool dehumidification industry’s most trusted and proven brand. Dectron continues to innovate with new energy-efficient designs that leverage technological advances in materials, controls, fan design and performance monitoring, to consistently provide customers with the best products available.

PoolPak has earned a reputation for reliable dehumidification that works by taking a comprehensive approach to managing the pool room environment. Built to withstand the harsh, corrosive environment of indoor pool applications, dehumidifiers built by PoolPak deliver optimal space conditions while keeping operating costs low to deliver a truly compelling total cost of ownership.

Seresco has built a reputation for industry-leading innovation, performance and reliability while delivering the lowest operating and maintenance costs in the industry. Fully committed to ensuring the success of every indoor pool environment, Seresco delivers absolute customer satisfaction for the lifetime of equipment.

Sources

1. Canadian Engineers for Tomorrow, Engineers Canada
2. Engineering and Engineering Technology by the Numbers, American Society for Engineering Education (ASEE)

Contacts

Media Contact
Deanna White, Director of Marketing

Dehumidified Air Solutions

613-783-3289

deanna.white@dehumidifiedairsolutions.com

Global commercial real estate firm to deploy UiPath software robots to enhance technology stack and deliver superior employee and customer experiences

NEW YORK & TORONTO & LONDON–(BUSINESS WIRE)–Avison Young, a technology-driven commercial real estate services firm and UiPath (NYSE: PATH), a leading enterprise automation software company, today announced a partnership to deliver the real estate experience of the future. Avison Young will deploy UiPath enterprise automation software to increase the power of its predictive analytics and real estate data, providing brokers and client-facing professionals with faster, more valuable insights on properties to inform client solutions. The company will strategically deploy UiPath robots to free staff of routine, time-intensive tasks, with the long-term vision of providing a robot for every team member.

Avison Young is a leading firm that is seeing consistent growth driven by its use of intelligence platforms that provide clients with insight and advantage. To meet mounting demand and scale its business effectively, the company created a digital transformation strategy that gives staff the tools they need to focus on value-add work and superior client experiences. Central to the strategy is the development of in-house predictive analytics tools which allow teams to make more efficient, data-driven decisions.

To extend the power of these tools—and further free staff of manual tasks—Avison Young is using UiPath’s enterprise automation platform. UiPath robots will be used to support Avison Young’s entire technology stack, sourcing and gathering key commercial real estate data—including access to transportation, air quality, ceiling height, bike scores, and walk scores—faster and with more accuracy and cutting down on potential errors. This data then feeds Avison Young’s analytics platform, delivering insights that empower its sales staff to create bespoke solutions that meet client needs. UiPath was selected as Avison Young’s automation partner of choice for the power and scalability of its platform as well as UiPath’s integrations with other core tech solutions that Avison Young relies on such as Snowflake and Alteryx.

“We’re powered by people. Matching top talent with the best tech solutions has been a key differentiator for Avison Young and is essential to our ability to exceed client expectations by helping businesses, employees, and communities see the full potential of real estate,” said Mark Rose, Chair and CEO at Avison Young. “Our partnership with UiPath will take that commitment to the next level as we apply automaton to accelerate technology, data, and digital transformation. We are only in the early stages of our deployment and are already seeing the value UiPath automation will bring to our employees, our partners, and our customers.”

In addition to powering analytics, Avison Young plans to deploy UiPath robots to boost productivity by automating back-office tasks related to finance, accounting, property management, and other functions. Avison Young’s focus on investing in powerful technology solutions for its staff is a critical component of its strategy to boost employee satisfaction and retention during a period of extreme labor shortages and competitive talent wars.

UiPath also has selected Avison Young as a real estate partner for international real estate transactions, including in cities such as London and Toronto. The company plans to use Avison Young technology—powered by UiPath robots—to guide its global expansion.

“Avison Young’s vision is closely aligned with our own, which is to harness the power and potential of people by giving them the best available tools to make smart decisions, create an enjoyable workplace, and deliver more value in their roles,” said Ashim Gupta, Chief Financial Officer at UiPath. “With many industries facing extreme disruptions and a changing workforce, organizations like Avison Young that apply data and technology to maintain business continuity and achieve a competitive advantage are poised to succeed long-term. Along with being a strategic partner, Avison Young is a prime example of how to leverage automation to accelerate digital transformation.”

About Avison Young

Avison Young creates real economic, social, and environmental value, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment, and the community.

Avison Young is a 2021 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for ten consecutive years.

www.avisonyoung.com

About UiPath

UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

Contacts

Avison Young Media Contacts
Sandra Hill (U.S.)

Sandra.Hill@avisonyoung.com

Andrea Zviedris (Canada)

andrea.zviedris@avisonyoung.com

Rebecca Kalra (U.K.)

rebecca.kalra@avisonyoung.com

UiPath Media Contact
Pete Daly

pr@uipath.com

UiPath Investor Relations Contact
Kelsey Turcotte

investor.relations@uipath.com

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of office real estate, announced today that, upon completion of the Proposed Acquisition (as defined below), Charles Peach will assume the role of Chief Financial Officer (“CFO”) of Slate Office REIT. He will replace Michael Sheehan, who is stepping down from his role as CFO to pursue other opportunities.

Peach currently serves as CFO of Yew Grove REIT plc (“Yew Grove”), an Irish-incorporated real estate investment trust that is dual-listed on Euronext Dublin (Ireland) and the AIM market of the London Stock Exchange. Slate Office REIT has made a firm offer to acquire all of the issued and outstanding shares of Yew Grove (the “Proposed Acquisition”), which was approved by the shareholders of Yew Grove on December 23, 2021. Subject to and upon completion of the Proposed Acquisition, which is expected to occur in February 2022, Peach will step into the role of CFO of Slate Office REIT. No additional remuneration or incentive will be payable to Peach upon him taking on this role.

“Charles is a deeply experienced financial executive with an impressive track record of driving growth and operational excellence,” said Steve Hodgson, Chief Executive Officer of Slate Office REIT. “His global experience, deep knowledge of the office and lite-industrial sectors, and capital markets expertise will be invaluable as we continue to grow our platform, further enhance the stability and quality of our portfolio and create value for our investors.”

Hodgson added: “We are very grateful to Michael for his many contributions over the last several years, and we wish him all the best in his future endeavors.”

Peach has nearly three decades of experience in capital markets, including structuring and raising capital for companies and funds. He started his career with Bear Stearns’ Financial Analytics and Structured Transactions group before joining Nomura’s Exotic Credit Trading Group. In addition to raising and structuring financing for funds and corporate borrowers, he has advised pension schemes and banks on their funding requirements and strategies.

In 2012, Peach joined the Parapet Capital Advisors management team. He and the team established the Yew Tree Investment Fund (“Yew Tree Fund”) targeting Irish office and industrial property and acted as investment adviser to the Yew Tree Fund’s Alternative Investment Fund Manager. The Yew Tree Fund portfolio was purchased by Yew Grove at IPO. In April of 2018, Peach became a Director of Yew Grove and was appointed as CFO in June of that same year. He served on the Investment Committees of both the Yew Tree Fund and Yew Grove.

Peach will work closely with the REIT’s senior management team to ensure a seamless transition in the coming weeks.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is an owner and operator of office real estate. The REIT owns interests in and operates a portfolio of 32 strategic and well-located real estate assets across Canada’s major population centres and includes two assets in downtown Chicago, Illinois. 61% of the REIT’s portfolio is comprised of government or credit rated tenants. The REIT acquires quality assets and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform focused on real estate. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform spans a range of investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enables us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Statements required by the Irish Takeover Rules

The trustees of the REIT accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the trustees of the REIT (who have taken all reasonable care to ensure that this is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. Some of the specific forward-looking statements contained herein include, but are not limited to, statements with respect to the completion of the Proposed Acquisition and the expected timing for completion of the Proposed Acquisition. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-Appt

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Press Inquiries

+1 312 847 1486

pressinquiries@slateam.com

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that Blair Welch, Founding Partner of Slate Asset Management, the external manager of Slate Grocery REIT, has been appointed as interim Chief Executive Officer (“CEO”) of Slate Grocery REIT. He will replace David Dunn, who is stepping down as CEO of the REIT. Welch will serve as CEO until a permanent successor is identified and will remain a Trustee of the Board during this time.

Welch is the co-founder of Slate Asset Management and has over 25 years of real estate industry experience. He previously served as CEO of the REIT from its inception through 2014 and has also been a Trustee of the Board of the REIT since its inception. Welch will work closely with Dunn and other members of the REIT’s senior management team over the coming weeks to ensure a seamless transition of leadership.

“Blair’s breadth of real estate experience and deep understanding of our business will be an enormous asset during this transition,” said Andrea Stephen, Chair of the Board of Trustees. “He has been closely involved in every aspect of the REIT’s operations since its inception and we are very confident that his leadership, together with the support of our seasoned management team, will enable us to continue building on our strong track record of growth and performance and delivering value for our unitholders. On behalf of the entire Board, I’d like to thank David for his contributions and wish him well in his future endeavors.”

“Slate Grocery REIT has grown significantly over the last year, and we are well positioned to capitalize on an attractive market and continue that trajectory through high-quality, accretive acquisitions,” said Blair Welch, interim CEO. “I look forward to working closely with the REIT’s best-in-class team to maintain our operational excellence, continue executing on our strategic growth plan and delivering long-term, sustainable income for our unitholders while we evaluate and identify the best long-term leader.”

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.9 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform focused on real estate. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Appt

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Press Inquiries

+1 312 847 1486

pressinquiries@slateam.com

ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced the sale of a majority interest in Rosboro Holdings, Inc. (“Rosboro” or the “Company”) to One Equity Partners (“OEP”). Under terms of the transaction, Wynnchurch will continue to own a significant minority stake in the Company.

Headquartered in Springfield, Oregon, Rosboro is a leading manufacturer of engineered wood products including stock and custom glued laminated timber (“glulam”) and lumber used in residential and light commercial construction end markets. Following Wynnchurch’s investment in December 2016, Rosboro successfully separated from its captive timberlands, completed the acquisition of Western Structures, scaled the business significantly, built out its sales force to drive pull-through demand, and made investments to improve operations and grow its glulam product offerings.

Brian Crumbaugh, Partner at Wynnchurch, stated, “Rosboro represented an opportunity to invest in a company with a leading market position, differentiated product offering and long-standing customer relationships. We are proud of the management team’s accomplishments during our ownership period and are excited to continue our partnership with management during Rosboro’s next phase of growth.”

“Rosboro is exceptionally well-positioned to benefit from continued tailwinds within its core end markets,” added Chris O’Brien, Managing Partner at Wynnchurch. “We look forward to partnering with OEP and the Rosboro management team over the coming years.”

“Wynnchurch has been a great partner and provided tremendous support during their ownership. They have helped us drive continuous improvement across our operations and execute on multiple organic and inorganic growth initiatives. We are excited to partner with both OEP and Wynnchurch as we look to execute on our long-term growth initiatives,” said Rich Babcock, CEO of Rosboro.

“Rosboro is an excellent business making high-quality differentiated engineered wood products at scale,” said Matthew Hughes, Managing Director at OEP. “Rosboro is poised to benefit from a number of growth drivers including single-family residential housing starts, net migration to the U.S. West, increasing residential repair and remodel, and glulam’s increasing share against structural wood alternatives and other engineered wood products. We look forward to working with CEO Rich Babcock and his team to capitalize on a growing market opportunity.”

Houlihan Lokey Capital, Inc. and Perkins Coie LLP served as financial advisor and legal counsel, respectively, to Rosboro and Wynnchurch.

Wynnchurch is actively seeking investment opportunities for its $2.277 billion Fund V. In December, Wynnchurch acquired Appvion, a leading provider of specialty and high performance direct thermal coatings. Other recent Wynnchurch investments include: Owen, a leading provider of critical infrastructure equipment, aftermarket parts and services; Trimlite, a leading manufacturer and distributor of residential doors and related door products; Northern Wholesale Supply, a leading provider of RV and marine parts and accessories; and The Wheel Group, a leading designer and distributor of branded aftermarket wheels, specialty tires, and related accessories.

About Rosboro:

Rosboro is a leading manufacturer of engineered wood products used in residential and light commercial construction, including stock and custom glued laminated timber (“glulam”) and a variety of other lumber products. Founded in 1939 and headquartered in Springfield, OR, Rosboro has developed a unique product offering focused on customer-driven solutions. Rosboro operates out of two manufacturing campuses located in Springfield and Veneta, OR. For more information, please visit: https://www.rosboro.com.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www​.wyn​nchurch​.com.

About One Equity Partners:

OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit: https://www.oneequity.com.

Contacts

Chris O’Brien

Managing Partner

cobrien@wynnchurch.com
847-604-6108

Brian Crumbaugh

Partner

bcrumbaugh@wynnchurch.com
847-604-6124

Mike Teplitsky

Partner

mteplitsky@wynnchurch.com
847-604-6120

JD Frank

Vice President

jfrank@wynnchurch.com
847-604-6130

Alex Randall

Senior Associate

arandall@wynnchurch.com
847-604-6133

LOS ANGELES–(BUSINESS WIRE)–#CommercialRealEstate–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Partners, has completed an off-market acquisition of the Saugus Station Industrial Portfolio (“Saugus Station”), located in Santa Clarita, CA. Saugus Station consists of 24 buildings totaling approximately one million square feet across a 70 acre campus, as well as an adjacent 24 acre, fully horizontally improved industrial development parcel.

Saugus Station is 100% leased to tenants operating primarily in the film, television, entertainment and content production industry, and is within the broader San Fernando Valley industrial market. The San Fernando Valley achieved a 1.1% industrial vacancy rate in Q3 2021 and experienced 5.2% annual rent growth over the past five years, with minimal new supply under construction. Saugus Station will provide H.I.G. with attractive current cash-on-cash returns, as well as upside via a value-add business plan that is well positioned to benefit from the rapid expansion of film and television content production in the Los Angeles MSA.

“The acquisition of Saugus Station provides H.I.G. with a unique opportunity to capitalize on a supply constrained market for entertainment and content production warehouse space,” said David Hirschberg, Co-Head of H.I.G. Realty Partners. “H.I.G. will employ its value-add expertise to significantly enhance the portfolio’s cash flow.”

“With Los Angeles soundstages operating at full capacity and limited industrial inventory to house production equipment, sets, and props, we believe Saugus Station presents a very compelling investment opportunity,” said Adam Belfer, Principal of H.I.G. Realty Partners. “We look forward to implementing our capital plan to reposition Saugus Station into a best-in-class logistics facility that will serve both entertainment industry-focused and also local tenants in Santa Clarita and throughout greater Los Angeles.”

About H.I.G. Realty Partners

H.I.G. Realty Partners is the real estate platform of H.I.G. Capital, a leading global alternative assets investment firm with over $45 billion of equity capital under management.* H.I.G. Realty Partners manages $8.4 billion of assets and focuses on small-to-mid cap real estate, targeting both equity and debt investments across all property types located throughout the U.S., Europe, and Latin America. Equity investments are concentrated on the acquisition of value-add assets, employing a hands-on, operationally focused approach that seeks to generate substantial cash flow and asset appreciation through rehabilitating, redeveloping, repositioning and rebranding assets that have been capital starved and/or poorly managed. Debt investments include senior bridge loans, mezzanine loans and preferred equity collateralized by transitional properties and portfolios. For more information, please refer to the H.I.G. website www.higcapital.com.

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, Bogotá, Rio de Janeiro and São Paulo, 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

David S. Hirschberg

Managing Director

dhirschberg@higrealty.com

Ira Weidhorn

Managing Director

iweidhorn@higrealty.com

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year-ended December 31, 2021 after the close of markets on Wednesday, March 9, 2022.

Granite will hold a conference call on Thursday, March 10, 2022 at 11:00 a.m. (ET). The toll-free number to use for this call is 1 (800) 918-9578. For international callers, please call 1 (416) 641-6701. Please dial in at least 10 minutes prior to the commencement of the call. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.

To hear a replay of the scheduled call, please dial 1 (800) 558-5253 (North America) or 1 (416) 626-4100 (international) and enter reservation number 22014895. The replay will be available until Monday, March 21, 2022.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 126 investment properties representing approximately 53.3 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

or

Andrea Sanelli, Associate Director, Legal & Investor Services

647-925-7504

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully-integrated self storage company, today announced that H. Michael Schwartz, the Company’s Chairman and CEO, will participate in a panel presentation at the KeyBanc Capital Markets Self Storage Investor Forum in a panel titled: Private Operators: What’s in Store for 2022; Assessing the Current Landscape. The panel will be webcast live on January 6, 2022 at approximately 11:00 am Eastern Time to registered conference attendees. Mr. Schwartz, along with other representatives of the Company, will also be hosting meetings with registered investors at the conference.

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 January 4, 2022, 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.

949-542-3331

IR@smartstop.com

Tech-enabled hospitality provider grows to almost 1,000 live and contracted units across three cities

SAN FRANCISCO & MONTREAL–(BUSINESS WIRE)–Sonder Holdings Inc. (“Sonder”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, increased its footprint in Canada in 2021, by opening new properties and contracting hundreds of additional units across Montreal and Toronto.

In Montreal, Sonder recently opened the Sonder Saint Paul, a 20-unit hotel in a heritage building in Old Montreal, as well as the Sonder Maisonneuve, a 157-unit new-build property, located in the heart of downtown Montreal. Sonder Maisonneuve hosts fully-equipped studio, 1-bedroom, 2-bedroom and 3-bedroom suites, all with balconies, in-suite laundry and kitchens. Guests also have access to amenities including a rooftop pool, sauna, and gym.

Sonder currently operates over 385 units across the city in neighborhoods such as Griffintown and the Plateau and has over 270 additional contracted units across two other properties, including the old Board of Trade building on Saint-Sacrement.

The company, originally founded in Montreal, has also established an additional decision-making centre for its global operations in the city and plans to add hundreds of positions into its corporate office on Viger Street.

“We’re thrilled to be working with a well-capitalized and reliable partner such as Sonder. Their proven, innovative hospitality model is driving a global guest experience that we feel is the future of hospitality and that was started and built right here in Montreal,” said Richard Rumpf, Vice President of Prime Properties, premier provider of design driven spaces for contemporary needs and the owner of multiple Sonder-operated properties in Montreal.

Sonder also continues to expand in Toronto, the largest city in Canada, and recently contracted over 110 units in four additional locations, spread across desired neighborhoods such as the St. Lawrence Market and the Entertainment District. These units are in addition to the over 120 live units across five existing Sonder locations in Toronto.

“Canadian cities are international destinations that provide a great mix of contemporary apartment-style and hotel properties that work well in our portfolio,” said Martin Picard, Co-Founder and Global Head of Real Estate at Sonder. “Our offering is oriented towards the modern traveler and emerging traveler subsets such as digital nomads. We look for properties located close to cultural or travel destinations and that are well-suited to design-forward, tech-enabled experiences. While Sonder is a global company now, our roots are in Canada and we plan to continue to grow our presence across the country.”

The company also operates a 66-unit property in the West End of Vancouver and is exploring expansion opportunities in Ottawa, Quebec City, Calgary, Banff and Victoria.

Headquartered in San Francisco, Sonder operates in 35+ cities across ten countries, and has over 16,000 live and contracted units worldwide. The company partners with real estate owners and landlords to manage and operate hotels and multifamily buildings. Sonder distinguishes itself in the hospitality industry through applying forward thinking design and infusing technology into its properties and guest experience. This tech-enabled experience puts guests in full control of their stay. They can access everything they need – from booking, to interacting with guest services, to check-out – via their own mobile device from anywhere and at any time, using the Sonder app.

Business Combination with Gores Metropoulos II

Sonder recently announced that the Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 7, 2021, as amended by Amendment No. 7 filed on December 20, 2021, was declared effective on December 22, 2021. The Registration Statement was filed in connection with the proposed business combination of Sonder and Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU). A special meeting of Gores Metropoulos II stockholders to approve the business combination will be held on January 14, 2022, at 9:00 a.m. Eastern Time.

Sonder’s common stock and public warrants are expected to be listed on Nasdaq under the ticker symbols “SOND” and “SONDW,” respectively, following the closing of the business combination. Upon completion of the business combination, subject to any redemptions by the public stockholders of Gores Metropoulos II and the payment of transaction expenses at the closing, Sonder expects to have approximately $310 million in PIPE proceeds, up to $450 million in cash in Gores Metropoulos II’s trust account and $165 million of Delayed Draw Notes to fund operations and support new and existing growth initiatives.

About Sonder

Sonder is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 35 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.

To learn more, visit www.sonder.com or follow Sonder on Facebook, Twitter or Instagram. Download the Sonder app on Apple or Google Play.

About Gores Metropoulos II, Inc.

Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Metropoulos & Co. whose Principals are Dean, Evan and Daren Metropoulos. Gores Metropoulos II was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Messrs. Gores and Metropoulos together have over 100 years of combined experience as entrepreneurs, operators and investors across diverse sectors including industrials, technology, media and entertainment, business services, healthcare and consumer products and services. Over the course of their careers, Messrs. Gores and Metropoulos and their respective teams have invested in more than 180 portfolio companies through varying macroeconomic environments with a consistent, operationally-oriented investment strategy. For more information, please visit www.gores.com.

Additional Information and Where to Find It

In connection with the proposed business combination, Gores Metropoulos II, Inc. has filed a registration statement on Form S-4 (the “Registration Statement”) that includes a preliminary proxy statement, prospectus and consent solicitation statement with respect to Gores Metropoulos II’s securities to be issued in connection with the proposed business combination. The Form S-4 was declared effective by the SEC on December 22, 2021. The definitive proxy statement/prospectus/consent solicitation statement will be sent to all Gores Metropoulos II stockholders as of November 30, 2021, the record date established for voting on the proposed business combination and the other matters to be voted upon at a meeting of Gores Metropoulos II’s stockholders to be held to approve the proposed business combination and other matters (the “Special Meeting”). Gores Metropoulos II may also file other documents regarding the proposed business combination with the SEC. The definitive proxy statement/prospectus/consent solicitation statement contains important information about the proposed business combination and the other matters to be voted upon at the Special Meeting and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. Investors and securityholders will also be able to obtain copies of the definitive proxy statement/prospectus/consent solicitation statement and all other relevant documents filed or that will be filed with the SEC without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: 6260 Lookout Road, Boulder, CO 80301, attention: Jennifer Kwon Chou, or by contacting Morrow Sodali LLC, Gores Metropoulos II’s proxy solicitor, for help, toll-free at (800) 662-5200 (banks and brokers can call collect at (203) 658-9400).

Participants in Solicitation

Gores Metropoulos II, Sonder and their respective directors and officers may be deemed participants in the solicitation of proxies of Gores Metropoulos II stockholders in connection with the proposed business combination. Gores Metropoulos II stockholders and other interested persons may obtain, without charge, more detailed information regarding the interests of those persons and other persons who may be deemed participants in the proposed business combination by reading Gores Metropoulos II’s registration statement on Form S-1 (File No. 333-251663), which was declared effective by the SEC on January 19, 2021, and the proxy statement/prospectus/consent solicitation statement regarding the proposed business combination. You may obtain free copies of these documents as described in the preceding paragraph.

Forward-Looking Statements

This press release contains a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements about Sonder’s forecasted revenue growth and cash flow (including Sonder’s outlook for Total Revenue and Adjusted EBITDA for the year ended December 31, 2021), Sonder’s forecasted growth in units (including Sonder’s forecast for growth in Total Portfolio for the year ended December 31, 2021), information concerning Gores Metropoulos II’s or Sonder’s possible or assumed future financial or operating results and metrics, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, future operations, products and services, planned openings, expected unit contractings and the effects of regulation, including whether the proposed business combination will generate returns for stockholders. These forward-looking statements are based on Gores Metropoulos II‘s or Sonder’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Gores Metropoulos II’s or Sonder’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement (as amended by that certain Amendment No. 1 to Agreement and Plan of Merger, dated October 27, 2021 (“Amendment No. 1”)) and the proposed business combination contemplated thereby; (b) the inability to complete the proposed business combination due to the failure to obtain approval of the stockholders of Gores Metropoulos II or other conditions to closing in the Merger Agreement (as amended by Amendment No. 1); (c) the ability to meet Nasdaq’s listing standards following the consummation of the proposed business combination; (d) the inability to complete the private placement transactions in connection with the business combination as described in the Registration Statement; (e) the risk that the proposed business combination disrupts current plans and operations of Sonder or its subsidiaries as a result of the announcement and consummation of the transactions described herein; (f) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (g) costs related to the proposed business combination; (h) changes in applicable laws or regulations, including legal or regulatory developments (such as the SEC’s statement on accounting and reporting considerations for warrants in special purpose acquisition companies); (i) the possibility that Sonder may be adversely affected by other economic, business and/or competitive factors; (j) risks related to the impact of the COVID-19 pandemic, including the Omicron and other variants and potential governmental and other restrictions (including travel restrictions) resulting therefrom; and (k) other risks and uncertainties described in the final proxy statement/prospectus/consent solicitation statement, including those under the heading “Risk Factors” therein, and other documents filed by Gores Metropoulos II from time to time with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, neither Gores Metropoulos II nor Sonder undertakes any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this report. Additional risks and uncertainties are identified and discussed in Gores Metropoulos II’s reports filed and to be filed with the SEC and available at the SEC’s website at www.sec.gov.

Disclaimer

This communication relates to a proposed business combination between Gores Metropoulos II and Sonder. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contacts

Fiona Story

press@sonder.com

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