Dexterra completes $58.3M (U.S.) investment in Pleasant

Executive Summary

• Dexterra Group Inc. has completed the acquisition of a 40% stake in Pleasant Valley Corp. (PVC), an Ohio-based facility management services provider, for $58.3 million USD.
• The transaction was financed using Dexterra's existing credit facility.
• Dexterra holds an option to acquire the remaining 60% stake as early as Q3 2027, aiming to expand its U.S.-based facility management capabilities.

Key Details

• Transaction Structure: Acquisition of 40% equity stake in Pleasant Valley Corp. (PVC).
• Purchase Price: $58.3 million USD.
• Effective Date: July 31, 2025.
• Future Options: Dexterra has the option to acquire the remaining 60% of PVC as early as Q3 2027.
• Financing: The investment is being financed using Dexterra Group's credit facility.
• Target Company Profile:
  • Name: Pleasant Valley Corp. (PVC).
  • Headquarters: Ohio, USA.
  • Founded: 1976 by co-CEOs Gino and Barbara Faciana.
  • Business Model: Distributed model incorporating proprietary facility management technology, a quality vendor network, and integrated facility management (IFM) services.
  • Client Base: Commercial and industrial clients across the United States, including Fortune 500 companies.
  • Financials: Approximately $175 million USD in annual revenues with a strong history of profitability.
  • Strategic Value: Adds significant scale and capability to Dexterra's U.S.-based facility management business; supports long-term profitable growth.

Notable Quotes

• Mark Becker, CEO, Dexterra Group: "We are very pleased to announce our investment in PVC... PVC builds on our U.S. presence, supporting long-term profitable growth. We look forward to working together with the Faciana family and the team at PVC."
• Barbara and Gino Faciana, Co-CEOs, PVC: "We believe Dexterra is the right strategic partner for our customers, employees and our growth objectives. We are excited to work together building our combined future."