Intelligent Highway Solutions, Inc. (OTCPK:IHSI) entered into a share acquisition agreement to acquire Cresent Construction Company, Inc. from Dewey Keith Gabriel for $1.9 million on March 9, 2017. Intelligent Highway Solutions will pay 2.5714 times Cresent Construction Company's Verified Annual Discretionary Cash Flow which is $0.7 million. Intelligent Highway will pay $0.05 million as deposit in cash at the closing of the transaction. Further the remaining $1.3 million of the consideration will be paid through one of the following two financing mechanisms chosen by Dewey Keith Gabriel: issue of 5 year promissory note having ten equal payments of principle every six months commencing six months after closing or issue of convertible preferred shares with a put option and further Intelligent Highway entered into a separate note payable with the seller for cash proceeds of $0.16 million. The convertible preferred shares will only be issued if the common share price of Intelligent Highway Solutions is 0.30 cents per share or higher on the OTCBB Market when Dewey Keith Gabriel notifies Intelligent Highway of the desire to receive preferred shares in lieu of cash. The receipt of preferred shares and the exercise of the put option shall only occur six calendar months after closing. TCA Global Master Credit Fund, LP will provide a senior secured revolving credit facility of $5 million dollars for the financing of the acquisition. Cresent Construction Company, Inc reported revenues of approximately $7.2 million and net income of $0.39 million for the financial year ended October 31, 2016. Dewey Keith Gabriel executed an employment agreement for a term of 36 months whereby he agreed to join as Director of Operations of Cresent Construction Company. The transaction is subject to regulatory approval and satisfactory completion of due diligence. On March 13, 2017, Intelligent Highway announced the partial completion of a closing involving a certain acquisition and certain related credit facilities. Seth A. Brookman of Lucosky Brookman LLP acted as legal advisor for Intelligent Highway Solutions. Intelligent Highway Solutions, Inc. (OTCPK:IHSI) completed the acquisition of Cresent Construction Company, Inc. from Dewey Keith Gabriel on March 9, 2017.