Saltire Buys Equipment Dealer SanStone for $70M
Connect CRE
AI Article Summary
Saltire Capital has acquired SanStone Investments, a heavy- and agricultural-equipment dealer, for $70 million. The purchase was partly funded by a $50.1 million loan from Sagard Holdings, part of a $100-million credit facility. The transaction included the issuing of share-purchase warrants and preparations for a $5 million private placement. Saltire aims to strengthen its capital allocation strategy towards private companies with strong fundamentals.
