TERRAVEST ANNOUNCES THE ACQUISITION OF B&R REPAIR INC.

• TerraVest Industries Inc. (TSX: TVK) announced the acquisition of the assets of B&R Repair Inc., a transportation service provider founded in 1987.
• B&R operates three locations across Illinois, Pennsylvania, and Indiana, primarily serving the Chicagoland market.
• The transaction is funded through TerraVest's existing cash reserves and credit facilities.
• Strategic rationale includes leveraging B&R's manufacturing facilities, supply chain efficiencies, complementary product lines, and cross-selling opportunities across North America.
• Existing management will remain with the company post-close.
• Specific purchase price, revenue, EBITDA, and deal closure date were not disclosed in the release.

• The acquisition aligns with TerraVest's aggressive bolt-on M&A strategy executed throughout 2025 and early 2026, following acquisitions such as KBK Industries and Colter Energy.
• The absence of disclosed financial terms suggests a relatively small transaction, consistent with a bolt-on rather than a transformative deal.
• Funding via cash and credit facilities adds to an already elevated debt load of $801.65 million, as reported in Q2 FY2026.
• The announcement is expected given the company's stated growth strategy and the new credit facility obtained in March 2025.
• No material deviation from previous expectations; incremental positive for revenue diversification but neutral to negative for near-term leverage metrics.

• TerraVest Industries is a diversified industrial holding company operating across transportation, energy services, and manufacturing.
• Flagship assets include Highland Tank Holdings (fiberglass and steel storage tanks), Composite USA, and various energy service subsidiaries like New Wave Energy Services and Aureus Energy Services.
• The company pursues a buy-and-build strategy, acquiring complementary businesses to expand geographic footprint and product offerings across North America.
• Recent acquisitions have significantly expanded the portfolio, though organic growth remains modest compared to acquisition-driven revenue.