TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its February 2025 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The February distribution will be payable on March 14, 2025 to unitholders of record as at February 28, 2025.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its February 2025 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The February distribution will be payable on March 14, 2025 to unitholders of record as at February 28, 2025.

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

For further information, please contact:

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-based team brings 15 experienced agents and a track record of success to the brokerage

TORONTO–(BUSINESS WIRE)–Property.ca Inc. Brokerage (Property.ca) is pleased to announce the latest milestone in its ongoing expansion: the integration of Blue Door Realty Group (Blue Door). As of December 4, 2024, Blue Door has fully transitioned into Property.ca, meeting all Toronto Regional Real Estate Board (TRREB) and Real Estate Council of Ontario (RECO) compliance requirements.

“The addition of this incredible team represents another step forward in our commitment to bringing together top-tier real estate professionals,” said Blair Anderson, Broker of Record and VP of Operations for Property.ca Inc. Brokerage. “Blue Door’s reputation for excellence and strong presence in both residential and commercial markets make it a natural fit for our brokerage as we continue to grow.”

This integration follows a period of rapid expansion for Property.ca, which continues to attract high-performing teams through its cutting-edge technology and data-driven insights. Jeff Benoliel, General Manager for Property.ca Inc. Brokerage, emphasized the strategic fit between Blue Door and Property.ca.

“We are highly selective about the teams we bring into our brokerage, ensuring they align with our culture of professionalism, innovation and client service,” said Jeff. “From our first conversations with Blue Door, it was clear that their values and approach to real estate were in perfect alignment with ours. We are delighted to welcome them.”

Founded by Dimitri Kalkounis, Blue Door has supported over 550 families since 2017, building a reputation for integrity, expertise and a client-first mentality. The team brings 15 experienced agents to Property.ca, further strengthening the brokerage’s talent roster.

“Our priority has always been to provide the best possible service to our clients while fostering a collaborative and supportive environment for our agents,” said Dimitri. “Joining Property.ca allows us to maintain our unique identity while benefiting from the brokerage’s unparalleled technology and resources. The synergy between our teams has been evident from day one, and we are excited for this next chapter.”

As part of its ongoing commitment to equipping agents with industry-leading tools, Property.ca continues to enhance its proprietary technology suite through myAbode. Being able to leverage a fully integrated real estate technology ecosystem allows agents to optimize their workflow, access real-time market data and insights and provide an enhanced client experience.

The integration of Blue Door further strengthens Property.ca’s growing network of real estate professionals. With more expansion opportunities on the horizon, the brokerage remains committed to providing its agents with the best opportunities to thrive in Canada’s competitive real estate landscape.

To learn more about joining Property.ca and unlocking new opportunities for your team, visit go.property.ca/teams.

About Property.ca Inc.

Property.ca is a licensed real estate company with over 300 agents and six offices across the Greater Toronto Area. It operates three high-traffic real estate websites: condos.ca, property.ca, and mrloft.ca, created to offer buyers and sellers rich information that enables clear, informed decisions. Property.ca made The Globe and Mail’s Canada’s Top Growing Companies list, after merging the Property.ca, Condos.ca and MrLoft.ca brands in 2018.

Contacts

For media inquiries, please contact: christinew@myabode.ca

Investment from leading climate and strategic partners positions Terra for rapid expansion of commercial facilities across North America and Europe

GOLDEN, Colo.–(BUSINESS WIRE)–Terra CO2 (Terra), a leading US-based low-carbon building materials company, today announced it has signed Series B equity commitments for US$82M from a mix of financial and strategic investors.

Co-led by Just Climate (established by Generation Investment Management), Eagle Materials (NYSE: EXP), and GenZero, the round has also attracted interest from several industrial partners with formal announcements forthcoming. Seed and Series A lead investor Breakthrough Energy Ventures (BEV) also participated in this round, reaffirming its commitment to Terra’s mission. The funding will accelerate Terra’s commercial deployment of its OPUS technology, with multiple full-scale production facilities planned across North America and initial development beginning in Europe. Closing will be subject to the fulfillment of conditions precedent.

“This strategic funding from the world’s leading climate funds and industry partners validates our approach to practical cement decarbonization at commercial scale,” said Bill Yearsley, CEO of Terra. “As we break ground on our first full-scale plant in Texas, their support enables us to accelerate our deployment across North America, and our plans to develop an early beachhead in Europe.”

Approximately 8% of global CO₂ emissions come from the cement industry, making it one of the most urgent challenges in industrial decarbonization. While other solutions require significant infrastructure changes or rely on scarce materials, Terra’s OPUS products use abundant raw materials from established mines and work within existing industry infrastructure. This approach enables immediate deployment at scale, delivering cementitious materials that perform equal to or better than traditional cement while significantly reducing carbon emissions.

“We are proud to co-lead this investment in Terra,” said Michael Haack, President and CEO of Eagle Materials. “As the supply of other Supplementary Cementitious Materials (SCMs), such as fly ash, continues to decrease in availability, increased SCM development will be crucial to fulfill the needs of our customers and in meeting the expected increases in demand for cement more broadly. This investment aligns with our goal to seek sustainable and commercially viable solutions that work within existing infrastructure.”

Since its Series A, Terra has secured agreements with Asher Materials for its first facility in the Dallas-Fort Worth area. In partnership with Eagle Materials, option agreements are also in place for multiple 240,000-ton plants across North America. The company has validated its technology through extensive piloting and successful concrete demonstrations, including the construction of a Porsche dealership in Houston, and received the “Decarbonization Solution of the Year” award in the 2024 CleanTech Breakthrough Awards. Terra has also advanced its OPUS ZERO™ technology, a 100% cement replacement solution, into full concrete trials. Most recently, The US Department of Energy (DOE) awarded Terra a US$52.6M DOE grant to support a second commercial plant.

“Terra is the type of transformational solution that Just Climate seeks to scale,” said Benoit Grobon, Managing Director at Just Climate. “Their ability to deliver a practical and cost competitive solution to one of the world’s highest-emitting and most off track sectors, along with their strategic approach to deployment, positions them to drive meaningful carbon reduction in the construction industry.”

“We invest in commercially scalable technologies with the ability to deliver deep decarbonization impact in hard-to-abate sectors such as the built environment,” said Kimberly Tan, Managing Director and Head of Investments at GenZero. “Terra’s proprietary technology is a present-day, accessible solution, which has undergone extensive testing and garnered significant commercial traction from potential customers. This means it can deliver immediate decarbonization benefits while addressing the demands of urban development and the industry’s stringent performance requirements.”

The robust support from the current world-class investor group, combined with Terra’s commercial readiness and growing market validation, has generated interest from strategic and financial investors. Terra expects a second round of investors to sign on to the Series B raise by late Q1 2025, driven by strong interest from those unable to participate in this initial signing.

As Terra prepares its first full-scale commercial plant in Texas, it has also entered into a contract with Clark Construction for the construction delivery. “Having known Clark for decades, I know they have the technical expertise to execute this project successfully. I am excited to have them on the team as one of the largest and most respected contractors in North America with the reach to complete Terra projects anywhere in the United States,” said Yearsley.

With the Series B funding, Terra will continue to accelerate the buildout of its commercial footprint, form strategic partnerships, and deploy additional facilities to meet the increasing demand for sustainable construction materials across North America and Europe.

About Terra CO2 (Terra)

Terra enables their partners to unlock low-carbon cement from source to deployment. As the critical component in creating concrete, the foundation of modern infrastructure, cement is responsible for 8% of the world’s CO₂ emissions. The CO₂ and NO_x emissions associated with cement make finding an alternative to current solutions a climate imperative.

Unique to Terra is their capability to work across a diverse range of silicate rock mineralogy, not constrained by feedstock availability. Terra’s technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines.

Terra’s first product, OPUS SCM™ (Supplementary Cementitious Material), is ready for commercial deployment, capable of replacing up to 50% OPC (Original Portland Cement) and addressing the industry’s carbon emissions and dwindling feedstock challenges. Terra’s OPUS ZERO™, a potential 100% replacement of OPC, is in full concrete trials. Both leverage Terra’s “drop-in” reactor solution, which seamlessly integrates with existing infrastructure and sets the foundation for the transition to real zero cement.

Validated by third parties, Terra’s materials perform equal to or better than traditional cementitious products.

Terra is headquartered in Golden, Colorado, and is led by a team of industry experts. For more information, please visit: https://terraco2.com/

About Just Climate

Established by Generation Investment Management, Just Climate is a specialist investment business focused on scaling solutions for the highest-emitting, most off-track sectors of the economy. The challenge of achieving a net-zero world and addressing climate-related risk is huge, urgent and needs tremendous mobilisation of capital. Just Climate’s mission is to establish climate-led investing as a capital allocation imperative for institutional investors globally. For more information, please visit us at justclimate.com.

About GenZero

GenZero is an investment platform company focused on accelerating decarbonization globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in opportunities with the potential to be nurtured into impactful and scalable solutions.

Driven by a common purpose to decarbonize for future generations, GenZero recognizes the need for a holistic and integrated approach to achieve a net zero world. It adopts a flexible investment approach across three focus areas to drive climate impact: (i) nature-based solutions that help protect and restore natural ecosystems while benefiting local communities and biodiversity; (ii) technology-based solutions that deliver deep decarbonization impact; and (iii) carbon ecosystem enablers that support the scaling of carbon markets and enable broader industry decarbonization.

For more information on GenZero, visit www.genzero.co.

About Eagle Materials

Eagle Materials Inc. (NYSE: EXP) is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle’s primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads and highways and for building and renovating residential, commercial and industrial structures across America. Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas. Visit eaglematerials.com for more information

Contacts

For media queries, please contact:
Juan Ávila

JDI for Terra CO2 Technology

juan@jones-dilworth.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop REIT Advisors (“SRA”), the sponsor and an indirect subsidiary of SmartStop Self Storage REIT, Inc., has officially entered the Net Asset Value (NAV) REIT space with Strategic Storage Trust X.

With the launch of Strategic Storage Trust X, SRA is continuing its commitment to acquiring institutional-quality self-storage assets in high-growth markets. Self storage continues to demonstrate resilience and strong demand, and SRA believes this new vehicle will allow them to further capitalize on attractive opportunities across North America.

In addition to its expansion into the NAV REIT space, SRA recently entered the 1031 exchange market with the introduction by its sponsored program, Strategic Storage Growth Trust III, Inc. (“SSGT III”), of its own Delaware Statutory Trust (“DST”) platform. This move aligns with SRA’s strategic vision to offer diverse, innovative, and tax-efficient real estate investment opportunities within the self-storage sector.

SRA brings deep industry expertise, a proven track record in self-storage investment management, and a vertically integrated platform that includes acquisitions, asset management, and property operations. The firm aims to leverage its extensive experience and national presence to drive strong returns for investors while meeting the evolving needs of self-storage customers.

About SmartStop REIT Advisors, LLC

SmartStop REIT Advisors, LLC, an indirect subsidiary of SmartStop Self Storage REIT, Inc., serves as the sponsor of Strategic Storage Growth Trust III, Inc. (“SSGT III”), Strategic Storage Trust VI, Inc. (“SST VI”), and Strategic Storage Trust X (“SST X” and collectively, with SSGT III and SST VI, the “Managed REIT Platform”), while its sponsored program, SSGT III, recently launched its own DST platform in the 1031 exchange market. The Managed REIT Platform and DST platform had a combined portfolio of 37 operating properties, approximately 29,000 units, and approximately 3.2 million net rentable square feet at year-end 2024. Assets under management for the Managed REITs was approximately $771.2 million at quarter-end.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

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

TORONTO–(BUSINESS WIRE)–#ChoiceProperties–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 February, 2025 of $0.063333 per trust unit, representing $0.76 per trust unit on an annualized basis, payable on March 17, 2025 to Unitholders of record at the close of business on February 28, 2025.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive.

We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. 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

For further information:

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

8.9 MW solar project designed to prevent 7,695 metric tons of carbon dioxide from entering the atmosphere each year

Ameresco will provide full operations and maintenance services for the system over the next 25 years, ensuring long-term performance and cost savings

FRAMINGHAM, Mass. & OROMOCTO, New Brunswick–(BUSINESS WIRE)–Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, has been awarded a major solar energy and resiliency project at the 5th Canadian Division Support Base (CDSB) in Oromocto, New Brunswick. This large-scale solar project represents a critical step toward supporting the Government of Canada’s commitment to procure 100% clean electricity for federal facilities by 2025.

The Gagetown Solar Project, a CAD $26.7 million initiative, is set to deliver an 8.9 MWdc/7.35 MWac ground-mounted solar energy system designed to provide approximately 8,900 MWh of electricity annually to the base. This project is expected to generate around 20% of the base’s electricity needs, significantly contributing to the Department of National Defence’s efforts to reduce greenhouse gas emissions. When running at full capacity, the project will prevent approximately 7,695 metric tons of carbon dioxide from entering the atmosphere each year and contribute to meeting emissions targets in the Defence Climate and Sustainability Strategy 2023-2027 – Canada.ca.

The 5 CDSB Gagetown solar project, which includes the placement of 14,496 solar panels across the base, will be operated and maintained by Ameresco under a 25-year contract. The energy generated will be used entirely on-site, providing the base with long-term energy security and resilience. In addition to reducing emissions, the project is expected to save the base approximately CAD $1.3 million annually in utility costs.

The project is part of Canada’s Federal Buildings Initiative, which seeks to improve the energy efficiency and sustainability of federal buildings across the country. The initiative at Gagetown is particularly significant given the size of the base, which encompasses more than 200 buildings with a total floor area exceeding 525,000 square meters.

Ameresco will design, engineer, procure, and construct the solar system, integrating it smoothly with the base’s existing electrical infrastructure. The system is equipped with advanced controls and monitoring technology to optimize performance throughout its lifecycle. The project is expected to be completed by June 2025, and Ameresco will provide full operations and maintenance services for the system over the next 25 years, ensuring long-term performance and cost savings.

“We’re proud to partner with the Department of National Defence on this important project,” said Bob McCullough, President of Ameresco Canada. “This solar energy solution is more than about powering Gagetown today — it’s about creating a cleaner, more sustainable future for Canada. By investing in renewable energy, we’re helping the country move closer to its long-term sustainability goals while delivering reliable, cost-effective power for years to come.”

For more information about Ameresco and its renewable energy solutions, visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

The announcement of a customer’s project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total project backlog. This project was included in Ameresco’s previously reported contracted backlog as of September 30, 2024.

Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company“), a self-managed and fully integrated self-storage company, is excited to announce the launch of its new SmartStop Self Storage Mobile App. Designed to provide convenience and flexibility, the app has been rolled out to select markets and will be available to all 210 SmartStop locations across the United States and Canada by March 2025.

The SmartStop Self Storage Mobile App allows customers to manage their storage experience directly from their smartphones. Key features include the ability to manage accounts, remotely open gates and doors, and even rent new storage units—all from the convenience of the app. By streamlining these processes, SmartStop continues prioritizing a seamless and user-friendly customer experience.

“At SmartStop, we are always looking for ways to enhance the customer experience, and our new mobile app is a perfect example of how we leverage technology to do just that,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “This innovative tool provides customers with unparalleled convenience and flexibility, reinforcing our commitment to making self storage as simple and stress-free as possible.”

The app represents another milestone in SmartStop’s efforts to embrace technology and meet the evolving needs of its customers. From online account management to touchless access features, the app empowers users with tools to make their storage experience more efficient and intuitive. The SmartStop Self Storage Mobile App is available for download free of charge on iOS and Android devices in the Apple and Google app stores.

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

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 560 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 February 7, 2025, SmartStop has an owned or managed portfolio of 210 operating properties in 22 states, the District of Columbia, and Canada, comprising approximately 151,000 units and 16.9 million rentable square feet. SmartStop and its affiliates own or manage 38 operating self-storage properties in Canada, which total approximately 32,900 units and 3.4 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.

IR@smartstop.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 $0.0717 per unit for the month of February 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on March 17, 2025 to unitholders of record on February 28, 2025.

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 proforma portfolio totals 15.0 million square feet, valued at approximately $4.6 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

NEVIS, Saint Kitts and Nevis–(BUSINESS WIRE)–Platinum Developments (Nevis) Limited (Platinum) and MST Rebar Inc. announce the opening of the MST Rebar Distribution Center in St. Kitts & Nevis. Strategically located at Clifton Estate, Island Main Road, St. Thomas Parish, in Nevis. The facility aims to provide easy access to the highest-quality GFRP rebar products for the CARICOM region. https://platinumdevelopments.net/platinum-developments-opens-mst-rebar-distribution-center-in-st-kitts-and-nevis/

“Our company has tested MST Glass Fiber Reinforced Polymer (GFRP) products in its own developments and is fully convinced of their superiority to steel rebars,” said Joseph Katsman, Director of Platinum. “For the Caribbean coastal environment this product is ideal. It is rust free, incredibly strong, green and cost effective to install. The lightweight nature of MST GFRP significantly reduces labor time and effort, leading to further savings in construction costs.”

MST Rebar Inc. CEO, Borna Hajimiragha said, “Platinum Developments is an extension of our factory in the CARICOM region. St. Kitts and Nevis is a central location for distribution and we anticipate gradual market penetration as users become educated about the benefits of GFRP.”

Errol F. Douglas, Senior Engineering Consultant said, “With over 35 years of experience in designing resilient building structures I recognize the unparalleled advantages of MST GFRP rebars. These rebars are not just about innovative construction; they redefine durability with their exceptional tensile strength, corrosion resistance, and sustainability especially suited for the Caribbean and coastal areas. Certified under rigorous international standards including ACI, ASTM, and CSA, MST GFRP rebars promise a future where our buildings withstand harsh environments while reducing our carbon footprint.”

About Platinum Developments

Platinum Developments specializes in designing and constructing luxury properties across the Caribbean, delivering turnkey projects that meet the highest client expectations. The company integrates state-of-the-art products, advanced construction materials, and cutting-edge technologies sourced from the world’s leading manufacturers, which it also represents and services. www.platinumdevelopments.net

For more information visit: https://platinumdevelopments.net/partners-list/mst-bar/

Contacts

Media Contact
Gary Colt

Tel: +1 (869) 662 7256

E-mail: info@platinumcmd.com

• Furthers and continues to scale DXP’s National Rotating Equipment efforts
• Establishes meaningful presence in Florida
• Continues to accelerate end market diversification

HOUSTON–(BUSINESS WIRE)–#acquisitions—DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Arroyo Process Equipment (“Arroyo”). Founded in 1968, Arroyo is headquartered in Bartow, Florida and operates out of three locations servicing northern, central, and southern Florida, and surrounding markets.

Arroyo is a leading distributor of pumps, process equipment, and related service and repairs focused on serving the asphalt, mining, industrial water, chemical and other industrial markets. DXP funded the acquisition with cash from the balance sheet.

“We are pleased to announce the acquisition of Arroyo Process Equipment. We have always respected and followed Arroyo’s success over the years. Arroyo adds another great company to our rotating equipment platform and furthers our vision around being the leading North American rotating equipment company. Arroyo provides DXP with exceptional sales expertise that will enhance our efforts and ability to collaborate and serve our customers and grow DXP further. Arroyo provides us with a clear leader in Florida,” commented David Little, Chairman, and Chief Executive Officer of DXP.

The signing of the definitive agreement occurred on January 31, 2025. Sales and adjusted EBITDA for Arroyo for the last twelve months ending December 31, 2024, were approximately $26.3 million and $1.3 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items less go-forward selling costs.

“Arroyo’s expertise and strategic presence in Florida will complement DXP’s breadth of technical products and services. This transaction will not only allow us to continue with our existing marketing strategies, but also gives us notable talent as we continue to find resources to serve our customers better,” added David Little.

Kent Yee, Chief Financial Officer, stated “We are very excited to have Arroyo as a part of DXP. We have dialogued for some time and welcome Arroyo’s talented and hardworking employees to the DXP team. We continue to execute on our strategy of making acquisitions in markets and business models where we can continue to enhance DXP. Arroyo continues to diversify DXP’s end markets and provides scale in Florida, a market we have not historically served well. This transaction will be positive for Arroyo and DXP’s customers, employees, and shareholders.”

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP’s breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.

Contacts

Kent Yee

Senior Vice President CFO

713-996-4700 – www.dxpe.com

DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–#ExecutiveProtection–Prosegur Security, a global leader in security solutions, is proud to announce a strategic partnership with Clandestine Development, Inc., DBA-Kinetic Global, a leader in critical event management and risk intelligence. This collaboration will provide clients with advanced access to Kinetic Global’s Critical Event Management (CEM) platform modules, enhancing risk mitigation and intelligence capabilities.

Operating across 175 countries, Kinetic Global delivers a comprehensive approach to emergency and incident management. Through this partnership, Prosegur’s Global Risk Services division will integrate Kinetic Global’s solutions into its Virtual Security Operations Center (vSOC). The vSOC combines cutting-edge technology, intelligent data processing, and expert analysts to provide remote security management and business process oversight.

Prosegur’s clients will gain access to an extensive suite of CEM modules through Kinetic Global’s platform. These tools, available on both web and mobile platforms, will enhance preparedness, compliance, communication, and risk intelligence, ensuring the safety of employees worldwide.

“This partnership between two prominent security industry leaders marks a significant milestone in the evolving landscape of security. Combining Prosegur’s Global Risk Services network and Kinetic Global’s technology-driven solution for global emergency and incident management will deliver cutting-edge solutions to mitigate risk. This strategic partnership enables us to leverage Prosegur’s global reach, ensuring our clients can safeguard their employees worldwide with unparalleled precision and reliability,” stated Peter Cahill, CEO of Kinetic Global.

Through this collaboration, Kinetic Global will deliver smarter, technology-driven services, including pre-travel safety advice, risk reduction techniques, and real-time medical and security support for both domestic and international locations. This integration ensures corporate security managers have the necessary insights and control to fulfill their duty of care responsibilities through a seamless, unified platform.

Kinetic Global’s CEM platform consists of eight primary modules, each with a variety of customizable features under a single integrated software solution. Recognizing the diverse needs of global enterprises, these modules can be configured to integrate seamlessly with Travel Management Companies and HRIS systems, allowing for tailored security solutions.

“The integration of Kinetic Global’s CEM platform modules with Prosegur’s vSOC capabilities marks a significant step forward in our mission to empower global enterprises with the insights and control needed to navigate today’s dynamic risk environment,” said Robert Dodge, CEO of the Global Risk Services, a division of Prosegur Security.

“Through this collaboration, we are committed to delivering a suite of solutions that not only mitigate risks but also enhance business resilience, ensuring our clients have the most advanced tools to protect their people and assets,” added Dan Bissmeyer, Senior Vice President of Global Risk Services at Prosegur Security.

Prosegur remains dedicated to providing global enterprises with cutting-edge security solutions that enhance operational safety. By leveraging its extensive global network, advanced analytics, and expert security professionals, Prosegur ensures that clients have the necessary resources to navigate an increasingly complex risk environment. Initially launching in the United States, this partnership will expand Prosegur’s ability to address the challenges faced by Western travelers and U.S.-based organizations, offering a seamless, technology-driven approach for risk mitigation.

About Kinetic Global

Kinetic Global is a global duty of care and security company operating in more than 175 countries. Utilizing patented technology and ground assets, Kinetic Global provides risk intelligence, personal safety, travel security, and enhanced mass notifications with comprehensive global imagery and proprietary AI algorithms. The Kinetic Global Critical Event Management platform ensures operational safety and security oversight for businesses worldwide. A wide range of companies, including government agencies, NGOs, and Fortune 500 firms, rely on Kinetic Global services. For more information, visit www.kineticglobal.com.

About Prosegur Security

Founded in 1976, Prosegur is a global leader in security services, providing advanced technology, tailored guarding programs, and global risk services. The company delivers high-impact security solutions to counter evolving threats. Publicly listed on the Spanish stock exchange, Prosegur has generated over $4.5 billion in revenue and employs approximately 175,000 professionals across more than 30 countries, continually setting new standards in security solutions.

With 14 state-of-the-art Security Operations Centers (iSOCs) worldwide, Prosegur integrates human expertise with technology to provide optimal protection. This blend of innovation, skill, and operational excellence has established Prosegur as a trusted leader in global security.

Prosegur is committed to environmental, social, and governance best practices, with sustainability as a strategic pillar. For more information on Prosegur Security and its Global Risk Services division, visit www.prosegur.us.

Contacts

Media contact:
Rya Manners, Vice President of Marketing – North America

Email: rya.manners@prosegur.com