BluMetric's Strategic Acquisition Announcement
BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) is on an exciting path as it prepares to enhance its capabilities by announcing a definitive agreement to acquire DS Consultants Inc. This move marks a significant step forward for the company, aiming to strengthen its expertise in the environmental consulting sector.
Details of the DS Acquisition
The acquisition involves obtaining all issued and outstanding shares of DS Consultants for a total of up to $22.5 million. The payment will consist of an initial cash payment of $10.5 million, along with the issuance of $7.5 million in common shares and a potential cash earnout over three years linked to meeting EBITDA targets.
Why DS Consultants?
Headquartered in Vaughan, Ontario, DS Consultants brings a wealth of experience with approximately 155 full-time employees specializing in geotechnical engineering, hydrogeology, and environmental services. Their reputation for excellence will bolster BluMetric’s existing competencies.
CEO's Perspective
Scott MacFabe, the CEO and Chair of BluMetric, expressed enthusiasm about the acquisition, stating that it will significantly enhance their offerings and solidify their presence in the Greater Toronto Area. According to MacFabe, the skills and reputation of DS Consultants complement BluMetric’s strengths in natural environment technologies.
Equity Offering to Fund Acquisition
To support this acquisition, BluMetric has also launched a brokered equity offering, aiming to raise up to $15 million through the sale of approximately 11.5 million shares at a price of $1.30 each. The closing of the offering is anticipated around December 9, 2025.
Utilizing Proceeds Effectively
The funds raised will not only contribute to the DS Acquisition but also assist in general working capital needs, ensuring BluMetric is well-positioned for its future endeavors. The agents involved in this offering have been granted an additional option to purchase up to 1.73 million additional shares, providing flexibility in allocation.
The Positive Impacts of the Acquisition
This acquisition reflects BluMetric's commitment to leveraging its industry expertise to provide enhanced services to its clientele. It highlights the company’s strategic approach to expansion and its dedication to addressing complex water management challenges through innovative solutions.
About BluMetric Environmental Inc.
BluMetric is a publicly traded firm specializing in water technology and environmental engineering. With over 230 employees spread across 11 offices and three manufacturing facilities, BluMetric has carved out a significant niche in tackling environmental challenges. They serve a diverse range of clients including commercial, industrial, government, military, and mining sectors.
Contact Information
To learn more about BluMetric and its latest updates, please contact:
Scott MacFabe, Chair and CEO
BluMetric Environmental Inc.
Tel: 1-877-487-8436 x242
Email: smacfabe@blumetric.ca
Dan Hilton, CFO
BluMetric Environmental Inc.
Tel: 1-877-487-8436 x550
Email: dhilton@blumetric.ca
Brandon Chow, Principal & Founder
Panolia Investor Relations Inc.
Tel: 1-647-598-8815
Email: brandon@panoliair.com
Frequently Asked Questions
What is the main purpose of BluMetric’s acquisition of DS Consultants?
The acquisition aims to strengthen BluMetric's expertise in environmental consulting and expand its market presence.
How much is the expected investment for the acquisition?
BluMetric is expected to invest up to $22.5 million for the acquisition of DS Consultants.
What will the funds from the equity offering be used for?
The proceeds from the equity offering will fund the cash portion of the acquisition and support general corporate purposes.
Who is involved in facilitating BluMetric's equity offering?
Clarus Securities Inc. and Raymond James Ltd. are the co-agents facilitating the equity offering.
How long has BluMetric been in operation?
BluMetric has over 50 years of experience in addressing complex environmental challenges.
