Elevate Service Group Signs LOI to Acquire Red Lake Plumbing & Heating
The proposed acquisition would add licensed plumbing, gas and HVAC capabilities, expand Elevate's reach across remote northern markets and Indigenous communities, and establish a partnership with Métis Infinity Investments.
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Elevate Service Group entered a non-binding LOI to acquire Red Lake Plumbing & Heating for $1.3M, payable in $650K cash, $300K in shares, and a $350K note. Red Lake posted 2025 revenue of $3.7M and EBITDA of $0.4M. Closing is expected by end of 2026, subject to conditions.Material DetailsContext by…
Proposed acquisition adds licensed plumbing, gas and HVAC capabilities, expands Elevate's reach across remote northern markets and Indigenous communities, and establishes a partnership with Métis Infinity InvestmentsToronto, Ontario--(. - October 28, 2026) - Elevate Service Group Inc…