K-Bro Announces Paranet Acquisition

EDMONTON, Alberta, Canada –K-Bro Linen Inc., announced that it has completed its acquisition of Buanderie Para-Net (“Paranet”), in a recent news release. The transaction was valued at an enterprise value of $11.5 million and a potential earnout of $1.9 million. K-Bro is an owner / operator of laundry and linen processing facilities in Canada providing a comprehensive range …