Tornado Infrastructure Equipment Ltd. (TSXV:TGH) acquired Custom Vacuum Services Ltd. from 2624795 Alberta Ltd. for CAD 28 million on May 15, 2025. The Purchase Price paid in cash is subject to customary closing adjustments. Acquisition is expected to be profitable and immediately accretive to Tornado. CustomVac?s unaudited trailing 12-month gross profit was CAD 9,580,000 and had assets of CAD 11,592,000 as at January 31, 2025. The Company is not assuming any long-term debt in connection with the Acquisition. Purchase Price was fully funded by a combination of cash on hand and amended its revolving line (the ?Operating Line?) and entered into a new CAD 25,000,000 term loan with the Toronto-Dominion Bank. The New Term Loan was used to partially finance the Acquisition made available as a single draw and amounts repaid may not be redrawn.

Tornado Infrastructure Equipment Ltd. (TSXV:TGH) completed the acquisition of Custom Vacuum Services Ltd. from 2624795 Alberta Ltd. on May 15, 2025.