{"id":17934,"date":"2024-07-02T09:51:05","date_gmt":"2024-07-02T13:51:05","guid":{"rendered":"https:\/\/dexterra.com\/dexterra-announces-sale-of-space-rental-assets\/"},"modified":"2024-07-02T09:56:11","modified_gmt":"2024-07-02T13:56:11","slug":"dexterra-announces-sale-of-space-rental-assets","status":"publish","type":"post","link":"https:\/\/dexterra.jankelleydev.com\/us\/dexterra-announces-sale-of-space-rental-assets\/","title":{"rendered":"Dexterra Announces Sale of Space Rental Assets"},"content":{"rendered":"\n<p><strong>Toronto, Ontario, July 2, 2024<\/strong> &#8211; Dexterra Group Inc. (TSX: DXT) (&#8220;Dexterra&#8221; or the &#8220;Company&#8221;) announces the closing of an asset sale of 329 space rental units (&#8220;Assets&#8221;), which were owned by the Gitxaala Horizon North Services Limited Partnership (owned 49% by Dexterra) and servicing a major project in Kitimat. The purchase price of $20.45 million reflects the approximate net book value of the Assets.<\/p>\n\n<p>This transaction allows Dexterra the opportunity to proactively manage its assets in the Energy Services business and is consistent with the Company&#8217;s strategic focus on Support Services as well as the contracts associated with the major project approaching their completion date.<\/p>\n\n<p>The sale provides an opportunity to pay down debt and optimize the mix of assets within the Dexterra portfolio.<\/p>\n\n<p>Our partnership with Gitxaala First Nation has been strong over many years and we are excited about our continued partnership with them in the region.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>About Dexterra<\/strong><\/h2>\n\n<p>Dexterra employs over 8,500 people, delivering a range of support services for the management and operation of infrastructure across Canada and the USA.<br\/>Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry leading workforce accommodation solutions and other support services for diverse clients in the public and private sectors. <\/p>\n\n<p><strong>For further information contact:<\/strong><br\/>Denise Achonu, CFO<br\/>Head office: Airway Centre, 5915 Airport Rd., 4th Floor <br\/>Mississauga, Ontario L4V 1T1<br\/>Telephone: (905) 270-1964<\/p>\n\n<p>You can also visit our website at <a href=\"https:\/\/api.newsfilecorp.com\/redirect\/wWnWeUAM42\">dexterra.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto, Ontario, July 2, 2024 &#8211; Dexterra Group Inc. (TSX: DXT) (&#8220;Dexterra&#8221; or the &#8220;Company&#8221;) announces the closing of an asset sale of 329 space rental units (&#8220;Assets&#8221;), which were owned by the Gitxaala Horizon North Services Limited Partnership (owned 49% by Dexterra) and servicing a major project in Kitimat. The purchase price of $20.45 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":17938,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[148,149],"tags":[151,152],"class_list":["post-17934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-us","category-press-release-us","tag-news-us","tag-press-release-us"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dexterra Announces Sale of Space Rental Assets | Dexterra<\/title>\n<meta name=\"description\" content=\"Dexterra Announces Sale of Space Rental Assets\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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