AURORA, Colo., Oct. 28, 2021 (GLOBE NEWSWIRE) — Cross Nation Infrastructure Companies Inc. (“CCIS”), a number one industrial provider of development tools and consumables for infrastructure initiatives in North America, at present formally introduced the divestiture of Kis. Its Canadian operations. The newly fashioned independently led firm will probably be led by Normal Supervisor Tim Martin and Fairness Associate Cade Demuth, and can rebrand itself below the brand new identify “Cross Nation Canada Rental & Provides”.

The whole Canadian workforce is predicted to construct on the nice success that CCIS has achieved up to now and proceed to develop. The sale of the Canadian operation will permit CCIS to give attention to its US-based operations and proceed its development within the US infrastructure markets. Monetary phrases of the transaction weren’t disclosed.

Headquartered in Aurora, Colorado, CCIS initially acquired its Canadian division in July 2015 with the acquisition of Sideline Specialty Gear. The acquisition of Sideline was an vital strategic initiative to develop the corporate’s North American capabilities and serve an vital power market.

John James, President of Cross Nation, stated, “Because the Canadian markets are displaying important ahead momentum, CCIS and its Board of Administrators have determined that that is the appropriate time to capitalize on the corporate’s preliminary funding. We’re happy with what we’ve got accomplished within the Canadian market and wish to commend our Canadian companions for the progress they’ve revamped the previous six years, and can proceed to want them success sooner or later.”

Tim Martin, CEO, and President of Cross Nation Canada, Cade Demuth, stated, “The Canadian power market is wanting nice now and for the foreseeable future, in addition to different markets through which they count on to diversify equivalent to mining, transportation and transportation. Railroad, civil and infrastructure and agriculture. We stay up for taking the corporate to the following degree and wish to thank Cross Nation Infrastructure for the dedication this firm has taken up to now.”

Blake, Cassels & Graydon LLP served as authorized advisor to Cross Nation Infrastructure Companies and Stormont Capital Advisors served as monetary advisor.

About Cross Nation Infrastructure Companies

Cross Nation Infrastructure Companies is a number one industrial provider of development tools and consumables for infrastructure initiatives in North America. With entry to roughly 1,000,000 gadgets from over 400 producers, CCIS provides the elements and tools wanted for every challenge. CCIS has nationwide protection with 13 places and the flexibility to arrange non permanent places anyplace in the US.

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Greg Orlando
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associated recordsdata

CCIS Press Launch – Canada Divestment.docx

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