Acquired in June 2013 for CAD 12M (USD 9.3), over the course CTHA generated approximately CAD 60M (USD 47M) in profitable revenue to Enterprise, it said.
Gross proceeds of the transaction are CAD 20.6M (USD 16M) pursuant to post-closing working capital adjustments. All proceeds from this transaction will be deployed towards reducing Enterprise’s debt, placing the company in the position of being net debt free.
