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-DBRS Comments on Finning's Acquisition of 4Refuel

Dec 12, 2018 - ENP Newswire

DBRS Limited (DBRS) notes that Finning International Inc. (Finning or the Company; rated BBB (high) with a Stable trend by DBRS) announced on December 10, 2018, that it has reached an agreement to acquire 100% of 4Refuel Canada and 4Refuel US (collectively, 4Refuel) for approximately $ 260 million in cash.

Finning expects to close the transaction early in 2019, subject to customary regulatory approvals. DBRS expects the acquisition of 4Refuel to have a modest impact on Finning's business r...