Company’s deep expertise in supporting cross-border transactions combined with parent company’s U.S. offerings can help facilitate and close most complex and ambitious deals

OAKVILLE, Ontario–(BUSINESS WIRE)–FCT, the leading national service provider in real estate technology and title insurance, today announced it has broadened its capabilities to help facilitate and close cross-border real estate transactions to include multi-location deals valued over $1 billion.

The expanded capabilities build on FCT’s 20-year history of supporting cross-border transactions and increasing collaboration with First American Title Insurance Company, the largest subsidiary of FCT’s U.S.-based parent company First American Financial Corporation. The firms’ joint capabilities can help clients navigate the complexities of closing even the largest real estate transactions across international jurisdictions.

“Given our deep expertise in closing and insuring large, complex commercial real estate transactions in Canada and First American Title’s U.S. capabilities, FCT is uniquely positioned to help facilitate and close the most intricate and ambitious transactions,” said Michael LeBlanc, CEO at FCT. “Our team’s unwavering dedication to providing top-tier service empowers our customers to navigate multifaceted international transactions with confidence.”

For example, FCT and First American Title provided transaction support and title insurance for a $1.3 billion, multi-location cross-border industrial real estate purchase by a U.S. entity.

“FCT’s local, Canadian experts provide an advantage to our customers when they’re looking at a cross-border transaction, helping deliver smooth closings,” said Joe Ghilardi, president of First American Title’s National Commercial Services division. “Given we’re sister organizations under the same parent company, our customers also benefit from the natural synergies and added efficiency we’re able to bring to their cross-border deals.”

To learn more about FCT’s commercial real estate practice, please visit: https://fct.ca/legal-professionals/commercial-title-insurance-realtor/.

About FCT

Based in Oakville, Ontario, FCT has over 1,200 employees across the country. FCT provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.

The Great Place to Work® Institute has named FCT one of Canada’s Best Workplaces for nine consecutive years (2015-2023) and certified FCT as a Great Place to Work. In 2023, FCT’s parent company, First American Financial Corporation, was named one of the 100 Best Companies to Work For and one of the Best Workplaces for Women™ by Great Place to Work® and Fortune magazine, each for the eighth consecutive year respectively. For more information on FCT, please visit the company website at www.fct.ca.

Contacts

Jacquie Alford

Senior Communications Manager

905.483.4568

jaalford@fct.ca

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of June 2024. The distribution will be paid by Granite on Monday, July 15, 2024 to stapled unitholders of record at the close of trading on Friday, June 28, 2024.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of June 28, 2024, pursuant to United States Treasury Regulation Section 1.1446-4.

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 143 investment properties representing approximately 63.3 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 Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca 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

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.25 cents per unit for the month of June. The distribution will be payable on July 8, 2024, to unitholders of record as at June 28, 2024.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2024, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and nine development properties. To learn more about us, please visit www.riocan.com.

Contacts

RioCan Contact
Kim Lee

Vice President, Investor Relations

(416) 646-8326

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its June 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The June distribution will be payable on July 15, 2024 to unitholders of record as at June 28, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its June 2024 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The June distribution will be payable on July 15, 2024 to unitholders of record as at June 28, 2024.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2024, Dream Industrial REIT owns, manages and operates a portfolio of 330 industrial assets (550 buildings) comprising approximately 71.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information, please contact:

DREAM INDUSTRIAL REIT

Alexander Sannikov

President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Brooke Laizure, Owner of Whirlwind Roofing & Construction earns top honor

HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025—Beacon (Nasdaq: BECN) announced today that Brooke Laizure, Owner of Whirlwind Roofing & Construction (Whirlwind) in Bixby, Oklahoma, is the winner of the 2024 North American Female Roofing Professional of the Year campaign, which highlights women in the roofing industry across the U.S. and Canada. Whirlwind specializes in residential roofing replacement, repair and restoration and is proudly family-owned and operated.

Brooke is a founding member of the National Women in Roofing (NWIR) and chairs the NWIR Oklahoma Council, which she co-founded in 2019. Through NWIR, she is involved in Build My Future, a one-day construction career day for high school students in Tulsa and Oklahoma City, Oklahoma, offering them hands-on exhibits from organizations in the skilled trades. She also supports Women Accessing Non-Traditional Trades and is a member of the American Indian Chamber of Commerce. She has served as an Oklahoma Roofing Contractors Association (ORCA) board member and is passionate about her own education, earning Xactimate Level 3 Certification. Whirlwind is also a Fortified™ Home designated roofing company.

“We launched this campaign to recognize females in roofing four years ago and were thrilled with the nearly 3,000 entries we received this year highlighting women throughout North America who are dedicated to their career, the industry, and their communities,” said Jennifer Lewis, Beacon’s Vice President, Communications & Corporate Social Responsibility. “It’s a privilege to acknowledge Brooke for her exceptional work ethic and commitment to empowering women. Her impressive achievements and dedication to uplifting other women led to her recognition as North American Female Roofing Professional of the Year.”

“I am incredibly grateful and humbled to accept this award from Beacon Building Products and thankful for the support I have received from my family, friends, and peers,” said Laizure. “Being named the North American Female Roofing Professional of the Year goes beyond personal accomplishment; it’s a celebration of empowerment in an industry where women continue to break barriers and redefine what it means to be a professional roofing contractor. I hope my story inspires other women to pursue their passions and make a difference in the industry.”

From March 8^th through April 10^th, Beacon solicited nominations of outstanding female roofing professionals. Beacon opened voting to the public from May 15^th through June 5^th. The other top four finalists were:

• Millie Hindes – Watergate Roofing, Indianapolis, Indiana
• Sarah Lechowich – True North Roofing, Cottage Grove, Minnesota
• Tomie Kay Morse – Morse Home Improvement, Dagsboro, Delaware
• Melanie Knox – Restoration Builders, Round Rock, Texas

Honorable Mentions went to:

• Stephanie Baird, Bliss Roofing, Happy Valley, Oregon
• Tori Bobbs, Poseidon Roofing, LLC, Fort Myers, Florida
• Gina Farese, Marcor Construction, West Babylon, New York
• Heather Hitchcock, Royal Roofing, Deer Park, Texas
• Stacy Lytton, Horch Roofing, Warren, Maine
• Katelyn Reynolds, Property Masters, Pendleton, Indiana
• Madelyn Smith, House Works of America, Columbia, South Carolina
• Sarah Wilis, WxTite, Greensboro, North Carolina

To learn more about Beacon’s annual Female Roofing Professional of the Year program, the finalists, and the program rules, visit: go.becn.com/femaleroofpro.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as waterproofing. The company operates over 560 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.beacon-canada.com

Contacts

INVESTOR CONTACT
Binit Sanghvi

VP, Capital Markets & Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA CONTACT
Jennifer Lewis

VP, Communications and CSR

Jennifer.Lewis@becn.com
571-752-1048

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of June, 2024 of $0.063333 per trust unit, representing $0.76 per trust unit on an annualized basis, payable on July 15, 2024 to Unitholders of record at the close of business on June 28, 2024.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Reflects $2.8 billion upsize in capital raise to support global hyperscalers in meeting unprecedented cloud and AI demand

Total of $11 billion raised over past nine months to drive $30 billion in data center development

DENVER, & BOCA RATON, Fla., & MENLO PARK, Calif.–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, has completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing.

The capital raise was significantly oversubscribed and upsized by $2.8 billion with participation from multiple global investors, bringing the completed investment to $9.2 billion. Together with the €1.5 billion investment by Australian Super announced in September 2023, aggregate new investment in Vantage over the past nine months totals approximately $11 billion, of which more than $7 billion is primary equity. Primary proceeds will be used to fund Vantage’s growth across North America and EMEA, accelerating and extending the company’s strategic capabilities to partner with global hyperscalers in meeting unprecedented cloud and AI demand.

Vantage has grown in recent years to own or control more than 25 sites in North America and EMEA totaling over three gigawatts of expected capacity. As part of the company’s investment plan, the new funding is expected to accelerate further growth by driving an estimated $30 billion of additional development, extending Vantage’s track record of bringing market leading capacity and innovative solutions to customers around the world. In connection with the investment, Vantage will continue its development of next-generation data centers, including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments.

“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sureel Choksi, president and CEO of Vantage. “The confidence that DigitalBridge, Silver Lake and other investors have in Vantage and our ability to execute, as evidenced by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering for our customers. This new funding from the world’s leading digital infrastructure and technology investors, along with numerous co-investors, is a game changer that uniquely positions Vantage to capitalize on the incredible AI and cloud opportunity in front of us.”

“DigitalBridge is excited to continue its support of Vantage, a proven infrastructure partner for the world’s top cloud and technology platforms,” said Jon Mauck, senior managing director at DigitalBridge, who leads the company’s data center investment strategy. “This investment allows Vantage to further accelerate the development of next generation infrastructure to support the continued adoption of cloud and AI technologies.”

“Our conviction in Vantage’s leadership in developing and delivering next generation capacity for the world’s most significant hyperscalers has never been greater, and we are thrilled to be joined by an elite group of investors in this important partnership,” said Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director, of Silver Lake.

About Vantage Data Centers

Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.

For more information, visit https://www.vantage-dc.com.

About DigitalBridge Group, Inc.

DigitalBridge Group, Inc. (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages $80 billion of infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg and Singapore.

For more information, visit https://www.digitalbridge.com.

About Silver Lake

Silver Lake is a global technology investment firm with approximately $103 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $248 billion of revenue annually and employ approximately 506,000 people globally.

For more information, visit https://www.silverlake.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include the impact of AI and related technologies on the demand for and development of digital infrastructure, plans for capital deployment by Vantage, and other risks and uncertainties, including those detailed in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and its other reports filed from time to time with the U.S. Securities and Exchange Commission. All forward-looking statements reflect DigitalBridge’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. DigitalBridge is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and DigitalBridge does not intend to do so.

Contacts

Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1-703-244-2242

Jon Keehner / Sarah Salky

Joele Frank, Wilkinson Brimmer Katcher for DigitalBridge

dbrg-jf@joelefrank.com
+1-212-355-4449

Jennifer Stroud

Edelman Smithfield for Silver Lake

jennifer.stroud@edelmansmithfield.com
+1-646-565-1792

Based on employee feedback, LP ranks among top workplaces for company culture and employee engagement

NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that it has been recognized for the third consecutive year as a winner of the Top Workplaces of Middle Tennessee Award by The Tennessean, the state’s largest newspaper and a member of the USA Today Network.

“At LP, we are dedicated to cultivating an engaged, diverse and talented workforce because our greatest strength is our people,” said LP Chair and CEO Brad Southern. “Being recognized as one of the Top Workplaces in Middle Tennessee is particularly meaningful because it is based entirely on employee feedback, reflecting our team members’ true opinions of LP. I am thankful for their dedication and passion for our mission, as they consistently learn, grow and innovate.”

The Top Workplaces Award is determined by employee feedback collected through a confidential survey conducted by Energage for The Tennessean. This survey assesses the employee experience across various dimensions, such as feeling respected and supported, opportunities for growth, and empowerment to perform their roles.

LP’s scores, reflecting employee motivation, commitment to staying with the company, and willingness to recruit others, surpassed the industry average for engagement. LP excelled in the following categories:

• Execution — LP operates efficiently
• Values — LP upholds strong values
• Opinions Valued — Managers care about employees’ opinions and concerns

LP cultivates a strong company culture by investing in team member development programs, offering competitive compensation and benefits packages, ensuring a safe and inclusive work environment, and engaging in community outreach.

“Earning a Top Workplaces Award is a badge of honor for companies, especially because it comes authentically from their employees,” said Energage CEO Eric Rubino. “In today’s market, leaders must ensure that they’re allowing employees to have a voice and be heard. That’s paramount. Top workplaces do this, and it pays dividends.”

To see the full list of 2024 Top Workplaces winners, visit The Tennessean.

About LP Building Solutions

As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP^® SmartSide^® Trim & Siding, LP^® SmartSide^® ExpertFinish^® Trim & Siding, LP BuilderSeries^® Lap Siding and LP^® Outdoor Building Solutions™), LP^® Structural Solutions (LP^® TechShield^® Radiant Barrier, LP WeatherLogic^® Air & Water Barrier, LP Legacy^® Premium Sub-Flooring, LP^® FlameBlock^® Fire-Rated Sheathing, LP NovaCore^® Thermal Insulated Sheathing and LP^® TopNotch^® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

Contacts

615-986-5886

Media.Relations@lpcorp.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of June 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on July 15, 2024 to unitholders of record on June 28, 2024.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:

TSX: PMZ.UN

www.primarisreit.com
www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

• GoCanvas is a leading provider of SaaS solutions for enhancing productivity and safety through paperless collection, reporting and integration of field data in construction
• Perfect fit with Nemetschek’s Build & Construct Division portfolio strategy
• Complementary technology, customer base and regional sales split will create strong synergies and accelerate Subscription/SaaS business model transition
• Combining Bluebeam office and GoCanvas field worker community will create a unique construction ecosystem

RESTON, Va.–(BUSINESS WIRE)–The Nemetschek Group (NEM.DE), a leading global provider of software solutions for the AEC/O and media industries, today announced that it has signed a definitive agreement to acquire all shares in GoCanvas Holdings, Inc., headquartered in Reston, Virginia, USA. GoCanvas® is a leading provider of field worker collaboration software that digitizes traditionally paper-based processes, simplifies inspections, improves safety, and maximizes compliance with more than 300,000 active users worldwide in the first quarter of 2024.

The Nemetschek Group´s Build Segment offers subscription and SaaS products that simplify customers’ jobs and connect openly with other AEC/O solutions and platforms. GoCanvas fits perfectly in this strategy by offering flexible cloud and mobile field worker solutions that help customers efficiently collect real-time data, collaborate across worksites, create digital checklists, make data-driven business decisions, and replace paperwork with smart, simple workflows.

Complementary technologies create a best-in-class portfolio for a sustainable built environment globally

The acquisition of GoCanvas will capture significant growth opportunities and technology synergies through further enhancing market and customer access. GoCanvas further strengthens Nemetschek Group’s positioning in the US while Nemetschek will provide GoCanvas a unique footprint to expand in Europe and Asia-Pacific.

Nemetschek Group’s largest brand Bluebeam is already the most trusted name for collaboration solutions in the built environment and is poised to utilize this market leadership to introduce GoCanvas solutions to extend value to field workers. GoCanvas expands the existing Build portfolio of Nemetschek by providing solutions that simplify operations for on-site professionals across diverse sectors including construction, manufacturing and energy with workflows including safety, ESG (Environmental, Social, and Governance), quality and work progress. These solutions deliver enhanced productivity and efficiency gains for field workers, including reduced travel, heightened safety measures, and improved collaboration.

GoCanvas already has a strong position in the fast-growing field worker market. Consequently, the TAM (total addressable market) for the Build segment increases significantly.

“GoCanvas is a great fit and a perfect complement to our existing solution portfolio in the Build segment and therefore represents a valuable addition to our expertise in covering the complete AEC/O life cycle,” says Yves Padrines, CEO of the Nemetschek Group. “Adding the powerful solutions of GoCanvas gives us a strong competitive edge while opening access to a rapidly growing market for field workforces in construction and other adjacent verticals.”

Viyas Sundaram, GoCanvas CEO, adds: “We are thrilled to join the Nemetschek Group as we continue our mission to simplify inspections and digitize paper-based processes. This partnership will accelerate our growth and development, allowing us to offer our solutions to a wider range of customers. Together, we will support them in safeguarding their people, protecting their assets, and delivering exceptional quality.”

“We are very much looking forward to welcoming the GoCanvas team to the Nemetschek family,” adds Usman Shuja, Chief Division Officer of the Build & Construct Division and CEO of Bluebeam Inc. “GoCanvas extends the simplicity and delightful user experience that Bluebeam and 123OnSite users value. I am excited to expand our latest innovations to the field worker. Our customers will significantly benefit from this combined power, as we are now able to provide a comprehensive offering with the most advanced and sustainable functionalities possible.”

Innovative and fast-growing company

GoCanvas was founded in 2008 and has more than 300 employees with locations in the US, Canada, Australia and South Africa. With its strong Annual Recurring Revenue (ARR) growth of around 20% in recent years, GoCanvas generated an ARR of USD 67 million and an operating margin still below the Nemetschek Group average in 2023. GoCanvas’ growth is expected to stay at the level of around 20% in the coming years with an increase in operating margin resulting from operational leverage, synergies and economies of scale. The purchase price (on a cash-/debt-free basis) represents a 2023 ARR multiple of around 11.5x based on the 2023 ARR.

Transaction financing will be provided by Nemetschek’s own cash resources and existing credit facilities. The acquisition is expected to close in summer 2024 and is subject to customary regulatory approval and closing conditions. Until the transaction closes, each company will continue to operate independently. Upon closing, the CEO of GoCanvas, Viyas Sundaram, and his team will join the Nemetschek Group. More details related to the transaction will be disclosed after closing of the acquisition.

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital transformation in the AEC/O and media industries. Its intelligent software solutions cover the entire life cycle of construction and infrastructure projects and allow creatives to optimize their workflows. Customers can plan, construct, and manage buildings and infrastructure more efficiently and sustainably, and develop digital content such as visualizations, films, and computer games in a creative way. The software company drives new technologies and approaches such as artificial intelligence, digital twins, and open standards (OPEN BIM) in the AEC/O industries to increase productivity and sustainability. We are continuously expanding our portfolio, including through investments in disruptive start-ups. More than 7 million users are currently designing the world with the customer-focused solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,400 experts.

The company, which has been listed in the MDAX and TecDAX since 1999, achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million in 2023.

About GoCanvas

GoCanvas is dedicated to transforming how businesses connect their office and field workers. The user-friendly platforms aim to simplify inspections, digitize traditional paper-based processes, improve safety, and ensure maximum compliance with industry standards. GoCanvas mobile and cloud solutions are designed to streamline data collection from the field to the office, taking care of administrative tasks so GoCanvas’ customers can focus on what matters most — ensuring the safety of their teams, maintaining the integrity of their equipment, and operating more efficiently.

Since 2008, GoCanvas has been driven by a commitment to excellence and continuous innovation. Based in Reston, Virginia, GoCanvas is trusted by thousands of companies to optimize their operations and deliver fast, high-quality results.

Contacts

Ema Gantcheva | ema.gantcheva@gocanvas.com
443.326.9918

With a new leader on board, global fintech Adyen eyes innovation and long-term growth in Canada

TORONTO–(BUSINESS WIRE)–Today, Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announced the opening of its own office in Toronto. The new Toronto office will serve as the company’s Canadian headquarters, underscoring Adyen’s commitment to sustained growth in the Canadian market. As part of Adyen’s ongoing commitment to growing in Canada, Adyen is also pleased to welcome Ilona Fagyas to its leadership team as its new Head of Sales later this month.

Since the start of 2020, Adyen has established a strong presence in Canada, expanding its team to 26 employees across various functions to support local and global businesses operating in the region. The company has forged local partnerships, launched new products, and added notable merchants like Moose Knuckles and Mejuri to its Canadian client base next to its already impressive global client base. Leveraging its financial technology platform, Adyen’s team offers innovative solutions that are transforming the way Canada pays.

“The opening of Adyen’s Toronto office represents a significant milestone for Adyen Canada as we continue to expand. Our growth is driven by our dedicated team, who consistently assists our growing customer base with innovative payment technology. The progress in payment technology has prompted many organizations and businesses to remodel their technology stack and operations for greater flexibility and convenience in payments. Adyen is at the center of this transformation,” said Sander Meijers, Adyen Canada Country Manager. “We are thrilled to welcome Ilona to the leadership team, and continue to offer end-to-end payment capabilities that benefit both Canadian businesses and shoppers alike.”

With over 15 years of sales management experience, Ilona Fagyas is a proven payments leader in the Canadian FinTech industry. Ilona has led enterprise segments at prominent organizations including TD, Chase, and most recently, PayPal. Her dedication to excellence has been recognized through numerous President’s Club designations, highlighting her contributions to year-over-year improvement in top-performing regions. As the Head of Sales for Adyen Canada, Ilona will be focused on expanding Adyen’s footprint in the region and optimizing its growing commerce business.

“The Payment Technology industry in Canada is ripe for change, and I have long admired how Adyen provides Canadian businesses with seamless payment experiences in one, single solution,” said Ilona Fagyas, Adyen Canada Head of Sales. “I am excited to join the Adyen team in its mission to make payments more accessible for Canadians across the country, and ultimately, scale the business to new heights.”

Adyen has over 20,000 payment terminals in thousands of Canadian stores, with hundreds of Canadian brands interacting with Adyen’s platform daily. Adyen sets itself apart from other fintech platforms by offering all payment and financial products within its one innovative platform. Through Adyen’s platform, businesses can quickly respond to consumer demand for the latest trends in payments and consumer experiences with minimal effort – for example, by utilizing tokenization to inter-connect customer journeys across Pay By Link, mobile POS, buy online and return in-store, with a wealth of customer data captured in the process.

Adyen’s financial technology platform is available to help Canadian enterprises – including those in retail, hospitality, platform services, digital services and subscriptions, and e-commerce – achieve their ambitions faster. For more information, visit https://www.adyen.com.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Mejuri, Uber, H&M, Ebay, Moose Knuckles, Lightspeed and Microsoft. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company’s website.

Contacts

Media
Lindsay Silverberg

Business Director, Talk Shop Media

lindsay@talkshopmedia.com