Toromont Industries Ltd. and Enerflex Systems Income Fund last week announced that Toromont has elected to acquire all of the remaining trust units of Enerflex on the same terms as the units acquired under Toromont’s recently completed offer for Enerflex. This acquisition is scheduled to be completed on Feb. 26.

On Feb. 4, Enerflex’s deed of trust was amended to permit Toromont to acquire all of the remaining outstanding trust units pursuant to a “Tax Efficient Subsequent Acquisition,” substantially in the manner summarized in Toromont’s take-over bid circular and notice of variation and extension for Toromont's recently completed offer for Enerflex.

Remaining trust unitholders are required to transfer their trust units to Toromont and to elect the type of consideration they wish to receive for those trust units prior to 5 p.m. on Feb. 26. Consistent with Toromont’s offer, trust unitholders may elect to receive either $14.25 in cash or 0.5382 of a Toromont common share plus $0.05 in cash per trust unit, in each case subject to pro ration. For more information, visit www.toromont.com/enerflex.

Toronto-based Toromont Industries has two segments, the Equipment Group, including one of North America’s largest Caterpillar dealerships and its rental operations Battlefield Equipment; and the Compression Group. Enerflex, based in Calgary, Alberta, is a leading supplier of products and services to the global oil and gas production industry.