RediShred Capital Corp. (TSXV:KUT) acquired PROSHRED Baltimore from Martin and Karen Fisher for $4 million on September 7, 2023.The purchase price for this acquisition, including earnouts, is estimated to be between $3.6 million and $4.0 million USD, depending on the performance of Proshred Baltimore relative to earn-out targets. The Company financed this acquisition through a combination of cash on hand and borrowings under its acquisition loan facility. Proshred Baltimore earned approximately $2.0 million USD in revenue during fiscal 2022.

RediShred Capital Corp. (TSXV:KUT) completed the acquisition of PROSHRED Baltimore from Martin and Karen Fisher on September 7, 2023.