Toromont Completes Acquisition of Remaining Enerflex Trust Units

Toromont Industries Ltd. last week completed the acquisition of all of the remaining trust units of Enerflex Systems Income Fund pursuant to its earlier announced “Tax Efficient Subsequent Acquisition.” Toromont now owns all of the outstanding trust units of Enerflex.

“Integration planning efforts are well advanced,” said Robert Ogilvie, chairman and CEO of Toromont Industries Ltd. “Our natural gas and process compression business is now combined under the Enerflex banner, we have the senior management team in place and our planning phase is essentially complete. I am pleased with the progress seen to date.”

The Enerflex trust units ceased to be listed for trading on the Toronto Stock Exchange at the close of markets on Feb. 26. Toromont intends to wind-up Enerflex and Enerflex Holdings Limited Partnership and, as a result, each of Enerflex and Enerflex Holdings Limited Partnership will cease to be a reporting issuer.

For more information, visit www.toromont.com.

Toronto, Ontario-based Toromont Industries Ltd. operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations — Battlefield Equipment Rental, No. 24 on the RER 100.