SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE:WFC) today issued the following statement regarding the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan issued Wednesday.

“Wells Fargo welcomes the release of the PAVE Action Plan and commends the Task Force’s work,” said Mike Weinbach, head of Wells Fargo Consumer Lending. “Homeownership is a pillar of wealth building, and ensuring the credibility of property appraisals and valuations is of critical importance to our customers and communities. Wells Fargo has reviewed the report and has initiatives underway that support its recommendations, such as our apprenticeship program to expand the pipeline of diverse appraisers. Wells Fargo is pleased to assist in socializing and implementing the recommended initiatives to eliminate discrimination in the appraisal process and improve valuation accuracy.”

“Wells Fargo is focused on addressing inequalities across the housing sector,” said Mike Weinbach. “Kristy Fercho, head of Wells Fargo Home Lending and chair of the Project REACh Affordable Homeownership Workstream, and I look forward to socializing the Action Plan and engaging with the findings and recommendations both individually and through our engagement with industry collaborations like OCC Project REACh.”

“I appreciate the work of the PAVE Task Force and am pleased to see the Action Plan highlight early progress being made, particularly work underway in OCC Project REACh,” said Kristy Fercho. “Fair property valuations are critical to sustainably growing minority household wealth through homeownership, which is the central focus of the Project REACh Affordable Homeownership Workstream.”

Launched in May 2021, a subgroup of the Affordable Homeownership effort was formed to examine the role racial bias has on homeownership, identify the role of lenders, and identify specific actions lenders, nonprofits, and policymakers can take to address bias in the appraisal process.

“I am proud of the progress our REACh appraisal subgroup is making and look forward to the Action Plan being incorporated into our work,” added Fercho.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-CF

Contacts

Government Relations and Public Policy
Robert Sumner, (202) 941-4717

Robert.Sumner@WellsFargo.com

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company“) a leader in smart buildings and cities through IoT, Cloud and SaaS technology will report its Fiscal Year End 2021 financial results, for the period ended December 31^st, 2021, on March 31^st, 2022 (the “filing date”). A complete set of the Financial Statements and Management’s Discussion & Analysis will also be filed on SEDAR (www.sedar.com) on the filing date.

A call to discuss the financial results has been scheduled for Thursday, March 31^st, 2022, at 8:30AM (Eastern). The event will be hosted by Paul Ghezzi, CEO and Claudio Del Vasto, CFO, of Kontrol Technologies Corp. We kindly request all participants to please connect at least 5 minutes prior to the event start time.

Event Details:

Title:	Kontrol Technologies Reports Fiscal Year End 2021 Financial Results
Event Date and Time:	March 31st, 2022 @ 8:30 AM Eastern
Event Duration:	45 Minutes
Audience URL:	https://produceredition.webcasts.com/starthere.jsp?ei=1538935&tp_key=f81690368f
Call- in Numbers:	Confirmation #: 19376558 Local: 416-764-8609 (Toronto) North American Toll Free: 888-390-0605

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

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

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

Forward-Looking Statements

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

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

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

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

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

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

Tel: (905) 766.0400

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

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

LONDON–(BUSINESS WIRE)–#BuckinghamGate–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $48 billion of equity capital under management, announced today that an affiliate has provided mezzanine financing to Shiva Hotels, backed by a portfolio of prime hotel assets in London, including The Guardsman, Buckingham Gate and Middle Eight Covent Garden.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We believe that London’s 5 star sector will emerge as a winner coming out of the pandemic and that our flexible investing approach across the capital structure has allowed H.I.G. to become a partner of choice for property companies and developers”.

Chris Zlatarev, Principal at H.I.G. Europe Realty, added: “We are delighted to partner with Shiva Hotels and have structured tailor-made financing to support the company’s growth. H.I.G. worked with Shiva Hotels and the senior lenders on a financing solution adapted to current market conditions, allowing the company to focus on implementing its business plan”.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with $48 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

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

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

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

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

TORONTO–(BUSINESS WIRE)–#appointmentrelease–Toronto-based real estate development company, Core Development Group (Core), recently announced the appointment of Daniel Ger to the position of Executive Vice President (EVP) of Development, Multi-Residential.

In his role as EVP, Ger will be responsible for managing the company’s multi-unit residential portfolio from concept to completion. He will oversee the firm’s planning and development department, internal and external sales and marketing teams and ensure smooth execution from the acquisition to closing stages of all projects.

“I am very pleased to welcome Daniel to the company. Daniel is a seasoned professional with exceptional leadership and development skills and I am confident he will add immense value to Core in his role overseeing the firm’s growing multi-unit residential portfolio,” said Bryan Nykoliation, President of Core Development Group.

Ger has over 15 years of experience in the real estate development sector, spanning across an array of asset types. The majority of his career was spent developing a portfolio of seniors housing communities across Ontario. Most recently, Ger was Chief Development Officer (CDO) of Options for Homes, Canada’s largest affordable housing developer. As CDO, Ger was responsible for the development of over 2,000 residential units across Ontario, ranging from complex urban infill developments to green-field master planned communities.

Ger received his M.B.A. with honours from the University of Guelph. He is a mentor with the Urban Land Institute, a member of the City of Brampton’s Housing Advisory Committee and is a guest lecturer at the University of Guelph and Schulich School of Business.

About Core Development Group

Core Development Group is a Toronto-based real estate development company that actively sources, develops and manages a wide range of residential real estate projects. The company takes a holistic approach to development and offers a comprehensive range of development and project management services to their clients and partners. Core’s wholly-owned subsidiary, Avanew, focuses on acquiring and developing both urban and suburban rental assets to address the growing demand for more affordable residential living alternatives throughout Ontario. For more information, visit: coredevelopment.ca.

Contacts

Rachel Rogers
Public Relations Specialist
McOuat Partnership

Cell: 416-984-5524

rachel@partnership.ca

VANCOUVER, British Columbia–(BUSINESS WIRE)–Saint-Gobain, through its building products subsidiary CertainTeed Canada Inc., will invest approximately $4 Million CAD to install heat recovery technology at its gypsum wallboard plant in Vancouver, reducing the plant’s carbon dioxide emissions by 10% and improving the energy efficiency of the facility.

The investment comes only months after Saint-Gobain announced its new global Grow and Impact strategy, which includes plans to reduce the company’s energy consumption and emissions. CertainTeed’s project in Vancouver was selected to receive a $1.4 Million CAD shared investment from the CleanBC Industry Fund program, which provides government funding for cleaner technologies that reduce emissions in industry.

Gypsum wallboard is made from a gypsum slurry that is poured and dries between two sheets of paper. During one step in this process, the wallboard passes through a large heated dryer that helps solidify the wallboard and remove moisture from the product.

In Vancouver, Saint-Gobain will install a large heat exchanger on its industrial dryer. The heat exchanger will capture and recycle some of the warm air emitted from the dryer, allowing the plant to maintain the dryer’s temperature while consuming less energy and ultimately reducing the facility’s carbon dioxide emissions.

“We know that part of being a good business is being a good neighbor – and we will continue to strive to lead our industry towards a more sustainable future,” said Richard Juggery, CEO of CertainTeed Canada. “This project will help our company maximize our positive impact, for our customers and the communities where we do business, while minimizing our environmental footprint. We thank the CleanBC program for its support, and look forward to many more years of sustainable, state-of-the-art manufacturing in Vancouver.”

CertainTeed’s plant in Vancouver is the only gypsum wallboard manufacturing facility in British Columbia. The site began operations in 1975 and today is home to approximately 80 employees.

The heat recovery project in Vancouver follows several other recent actions taken by the company to solidify its commitment towards sustainability:

• Earlier this month, Saint-Gobain announced that through its virtual Power Purchase Agreement with the Blooming Grove Wind Farm in McLean County, Illinois, and additional renewables contracting, the company received renewable energy certificates that effectively reduced approximately 33% of its CO₂ emissions from electricity usage in 2021 in the United States and Canada.
• In February, the company invested $32 Million to upgrade equipment at its insulation plant in Chowchilla, California, reducing the facility’s carbon footprint by more than 4,000 metric tons per year.
• In January, Saint-Gobain North America donated a zero energy ready house in Canton, Ohio, made with more than 20 of its own products, to Habitat for Humanity.

About CertainTeed

Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”

€44.2 billion in sales in 2021

167,000 employees, located in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.

Contacts

David Rosen

Saint-Gobain Corporate Communications

Media@saint-gobain.com

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) today announced its March 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The March distribution will be payable on April 14, 2022 to unitholders of record as at March 31, 2022.

Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive financial returns. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

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

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 239 industrial assets (351 buildings) comprising approximately 43 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart building technology, today announced that management will present at the Maxim Group 2022 Virtual Growth Conference taking place on Monday, March 28^th through Wednesday, March 30^th, 2022.

Paul Ghezzi, CEO of Kontrol Technologies, is scheduled to present as follows:

Maxim Group 2022 Virtual Growth Conference

Date: Monday, March 28^th, 2022

Time: 9:00 a.m. ET

Registration: Virtual Presentation

The presentation will be available on M-Vest using the link above through 5:30 p.m. ET on Wednesday, March 30^th. Registration is required for conference participation. Please follow the link above or reach out to your Maxim Group representative for more information.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

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

Facebook | Twitter | LinkedIn

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

Forward-Looking Statements

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

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

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

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

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

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

Tel: (905) 766.0400

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

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

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution for the months of March, April and May, 2022 as per the following schedule:

Month	Record Date	Distribution Date	Distribution Amount
March, 2022	March 31, 2022	April 18, 2022	$0.06875
April, 2022	April 29, 2022	May 16, 2022	$0.06875
May, 2022	May 31, 2022	June 15, 2022	$0.06875

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel:+33 1 5643 3313

khalil.hankach@inovalis.com

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that Q4 2022 financial results will be released on Tuesday, March 22, 2022, after the markets close.

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel:+33 1 5643 3313

khalil.hankach@inovalis.com

DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Gemite Products, Inc. to W.R. MEADOWS, Inc. The acquisition closed January 21, 2022.

Mississauga, Ontario, Canada-based Gemite Products (Gemite) is a manufacturer of advanced technologies founded more than 30 years ago by Igor Nikolajev, P. Eng. President, and the late Dr. Ivan Razl, Ph.D., P.Eng. who served as Gemite’s Technical Director. The partners developed an extensive line of composite waterproofing and restoration products designed to protect reinforced concrete structures around the world in the most challenging environments.

W.R. MEADOWS, located in Hampshire, Illinois, designs, manufactures, and markets high quality building materials for today’s construction professionals. Products are sold through an authorized distribution network. W.R. MEADOWS is a family-owned and operated company focusing on product quality, outstanding service, and business integrity since its founding in 1926.

W.R. MEADOWS remains committed to producing high quality products and systems that meet or exceed the latest regulations. From highway construction and repair, building construction and restoration, to waterproofing/vaporproofing/air barrier products and more, they’ve been satisfying the needs of the public and private sector of the building construction industry for over 95 years.

The acquisition complements W.R. MEADOWS’ extensive waterproofing and restoration portfolio. For more than 20 years, W.R. MEADOWS served as Gemite’s exclusive distributor for Canada and the U.S. beyond the East Coast region.

“Having worked closely with W.R. MEADOWS for decades, we saw their commitment to quality and product integrity was genuine. My late business partner Ivan Razl and I worked hard to build Gemite to this point, and I feel comfortable seeing W.R. MEADOWS further our legacy of innovation,” Gemite’s President Igor Nikolajev stated.

“W.R. MEADOWS looks forward to further advancing Gemite’s unique technologies for repairing, protecting, and waterproofing reinforced concrete structures,” remarked Glenn Tench, Vice President of Sales and Marketing for W.R. MEADOWS.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Mike Hammer, with the support of Managing Director, M&A, Corey Painter, successfully closed the deal. Senior Managing Director, Brian Hendershot established the initial relationship with Gemite.

“Working with this client provided a good learning experience on many fronts,” said Hammer.

About Generational Equity

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

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

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

Contacts

Carl Doerksen

972-342-0968

cdoerksen@generational.com

Investment includes a third Montreal campus and the expansion of existing campuses in Montreal and Quebec City

DENVER–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced it will invest an additional CAD$900 million to rapidly scale its Canadian operations, including the development of a third campus in Montreal and the expansion of two existing campuses in Montreal and Quebec City. These developments bring the total number of Vantage campuses in the Province of Quebec to four.

Vantage is further expanding its QC4 Montreal campus with a third facility totaling 21MW and 94,000 square feet, which is slated to open its doors in the fourth quarter of 2022. Once fully developed, the campus will offer customers 48MW of IT capacity and be powered by nearly 100% renewable energy from Hydro-Québec.

In addition, Vantage has begun construction of a third Montreal data center campus (QC6), which will also be powered with nearly 100% renewable energy.

In Quebec City, Vantage has acquired an additional eight acres of land to expand the growing QC2 campus.

Customer demand for sustainable data centers in the province is fueling Vantage’s growth in the region. The expansion of the QC2 campus is being partially funded by Société Générale, one of Europe’s leading financial services groups offering sustainability-linked financing options. A portion of the campus was approved for a “green loan,” a first for Vantage, by meeting specific requirements, including the use of nearly 100% renewable energy, the low amount of anticipated carbon emissions, water conservation, an industry-leading design Power Usage Effectiveness (PUE) and an energy management plan to ensure high operational performance.

Vantage has been aggressively expanding across the Province of Quebec since it acquired Canada-based 4Degrees Colocation from Videotron Ltd., a Quebecor Media Inc. (QMI) subsidiary, in January 2019. With these new expansions, Vantage will have four campuses totaling 143MW of IT capacity in the province with a combined investment approaching CAD$1.7 billion. The company is committed to building sustainable data center campuses and has recently pledged to reach net zero carbon emissions by 2030.

“Our continued investment and expansion in the Province of Quebec cements Vantage Data Centers as the largest hyperscale digital infrastructure provider in Canada,” said Maxime Guévin, vice president and general manager of Vantage’s Canadian business. “The Quebec Province is an ideal location for data centers due to our green and affordable power options, rich connectivity, cool climate and business-friendly culture. We look forward to welcoming our global customers to our new facilities later this year.”

The continued expansion in Canada is part of a global growth strategy that Vantage has undertaken since it first entered the Canadian market. After entering six markets in Europe in 2020, the company recently entered five markets in Asia Pacific and broke ground on its first African campus in Johannesburg.

Additional Quotes

“With this significant investment, Vantage is consolidating its presence in our beautiful region and recognizing its leadership in the new technology ecosystem. We are fortunate to have a company that is committed to the attractiveness of our Capitale-Nationale region, but also to its potential and its boldness.”

– Geneviève Guilbault, Deputy Premier and Minister responsible for the Capitale-Nationale region

“The announcement of these key growth projects by Vantage truly demonstrates the appeal of our ecosystems for companies in strategic sectors that are looking for stable and sustainable economic development. Our teams based throughout Quebec and abroad will continue to support foreign subsidiaries in their activities here so that they can pursue their long-term investments in Quebec.”

– Hubert Bolduc, President of Investissement Québec International

“Quebec International’s initiatives to promote the region to technology and information companies are clearly producing results. Vantage Data Centers’ decision to invest in Quebec City is no accident; on the contrary, it confirms the attractiveness of the region and its highly qualified workforce for international companies. This major investment contributes to a 150% increase in the site’s capacity and confirms Quebec City as a leader in the data center industry.”

– Carl Viel, President and CEO of Québec International

“As businesses look to limit their carbon footprint, Greater Montreal is very well positioned to support them. The digital world we live in is generating more and more data that needs to be stored. This reinvestment by Vantage proves once again that Quebec’s renewable energy is a responsible way to support this increase. We are therefore proud to support major players who develop sustainable solutions and contribute to the positioning of our city in the field of technological innovations.”

– Stéphane Paquet, President and CEO, Montréal International

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 www.vantage-dc.com.

Contacts

Press Contacts
Mark Freeman

Vantage Data Centers

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

Louis-Martin Leclerc

TACT for Vantage Data Centers

lmleclerc@tactconseil.ca
+1-418-693-2425