bullish

ADF Group

DRX: Deploying Cash on Acquisition of Groupe LAR

306 Views03 Sep 2025 01:00
Issuer-paid
SUMMARY
  • What you need to know: • ADF entered into an agreement to acquire Groupe LAR Inc. for $19M.
  • LAR operates in the machining, welding, and industrial mechanics sectors, primarily focusing on the large-scale hydroelectricity market.
  • • LAR posted $80.9M in revenue in 2024 (ending December 31st) and had a backlog of $104.5M as of July 31st.
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