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Alphi Capital Partners with RedBlue HeatPumps & Refrigeration

Alphi Capital Partners with RedBlue HeatPumps & Refrigeration

Cision Canada6 days ago
TORONTO, July 22, 2025 /CNW/ - Alphi Capita l ("Alphi"), a lower middle market private equity firm based in Toronto, Ontario, is pleased to announce its partnership with RedBlue HeatPumps & Refrigeration ("RedBlue"). Founded in 2013 by Jordan Owen and Marshal Mason, and headquartered in Victoria, British Columbia, RedBlue is a trusted provider of HVAC, plumbing and electrical services to both residential and commercial customers.
Jordan Owens, said, "We are incredibly excited about partnering with Alphi and the resources and expertise they bring to the table. Their investment in RedBlue will enable us to accelerate our growth, while better serving our loyal employees and customer base."
Marshal Mason, said, "We are very proud of the trust we have built in the local community over the last thirteen years and look forward to continuing to deliver on this promise through the next phase of growth."
"We are thrilled to partner with the RedBlue founders and team to accelerate the next phase of growth," said Andrew Fortier, Partner at Alphi Capital. "This acquisition marks an exciting new chapter, and we look forward to supporting the founders as they continue to grow the business through investments in RedBlue's people, processes, systems and geographic reach."
About Alphi Capital:
Alphi Capital is a Toronto-based private equity firm founded in 2022 by Andrew Fortier and Thecla Sweeney. Alphi targets investment opportunities in the Canadian lower middle market – focusing on business services and high return on invested capital businesses. Alphi brings a programmatic approach to value creation through the firm's in-house team focusing on data analytics, sales force growth, and the execution of buy and build strategies.
About RedBlue HeatPumps & Refrigeration:
RedBlue was founded in 2013 by Jordan Owen and Marshal Mason. RedBlue is a trusted provider of HVAC, plumbing and electrical services to both residential and commercial customers in the Greater Victoria area of Vancouver Island.
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To listen to the replay, call 1-855-669-9658 (toll-free in North America) or 1-412-317-0088 (International) and enter the access code 4833450. Article content About iA Financial Group Article content iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). Article content About RF Capital Group Article content RF Capital is a TSX-listed (TSX: RCG) wealth management-focused company. Operating under the Richardson Wealth brand, the Company is one of the largest independent wealth management firms in Canada with $40.3 billion in assets under administration (as of June 30, 2025) and 23 offices across the country. 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This forward-looking information is based on management's opinions, estimates and assumptions that, while considered by RF Capital and iA to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the Transaction will not be completed on the terms and conditions, or on the timing, currently contemplated; that the Transaction may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required shareholder, court and regulatory approvals and other conditions to the closing of the Transaction or for other reasons; the risk that competing offers or acquisition proposals will be made; the negative impact that the failure to complete the Transaction, for any reason, could have on the price of the common shares of RF Capital, the Series B Preferred Shares, iA's securities or on the business of RF Capital or iA; the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of the Transaction; risks relating to RF Capital's and iA's abilities to retain and attract key personnel, employees and advisors in connection with the Transaction; the possibility of litigation relating to the Transaction; credit, market, currency, operational, liquidity and funding risks generally and relating specifically to the Transaction, including changes in economic conditions, interest rates or tax rates; management's estimates and expectations in relation to future economic and business conditions and other factors in relation to the Transaction and resulting impact on growth and various financial metrics; iA's ability to retain and attract new business, achieve synergies and maintain market position arising from successful integration plans relating to the Transaction; iA's ability to otherwise complete the integration of RF Capital within anticipated time periods and at expected cost levels; the realization of the expected strategic, financial and other benefits of the Transaction in the timeframe anticipated; the accuracy and completeness of public and other disclosure (including financial disclosure) of RF Capital; the absence of significant undisclosed costs or liabilities associated with the Transaction; and those other risks discussed in greater detail under the 'Risk Factors' section of RF Capital's Annual Information Form and iA's Annual Information Form which are available under their respective profiles on SEDAR+ at If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although management of RF Capital and iA have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to them or that they presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. Article content There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in forward-looking statements included herein. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, any forward-looking statements included herein are made as of the date of this news release and, except as expressly required by applicable law, neither RF Capital nor iA assume any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Article content All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements. Article content Non-IFRS and Additional Financial Measures Article content iA reports its financial results and statements in accordance with IFRS® Accounting Standards. iA also publishes certain financial measures or ratios that are not presented in accordance with IFRS. iA uses non-IFRS and other financial measures when evaluating its results and measuring its performance. iA believes that such measures provide additional information to better understand its financial results and assess its growth and earnings potential, and that they facilitate comparison of the quarterly and full year results of iA's ongoing operations. Since such non-IFRS and other financial measures do not have standardized definitions and meaning, they may differ from similar measures used by other institutions and should not be viewed as an alternative to measures of financial performance, financial position or cash flow determined in accordance with IFRS. iA strongly encourages investors to review its financial statements and other publicly filed reports in their entirety and not to rely on any single financial measure. Article content Non-IFRS financial measures Article content include core earnings (losses). Article content Non-IFRS ratios include Article content core earnings per common share (core EPS) and core return on common shareholders' equity (core ROE). Article content include assets under management and assets under administration. Article content For relevant information about non-IFRS measures, including a reconciliation of non-IFRS financial measures to the most directly comparable IFRS measure used in this document, see the 'Non-IFRS and Additional Financial Measures' section in the Management's Discussion and Analysis (MD&A) for the period ending March 31, 2025, which is hereby incorporated by reference and is available for review on SEDAR+ at or on iA's website at Article content This press release also refers to certain non-Generally Accepted Accounting Principles (GAAP) and supplementary financial measures in respect of RF Capital, including EBITDA and AUA, which RF Capital believes are useful in assessing its financial performance. Readers are cautioned that these measures do not have any standard meaning prescribed by GAAP under IFRS and are, therefore, unlikely to be comparable to similar measures presented by other issuers. For further information related to adjusted results and a reconciliation to their nearest IFRS measures, please read the 'Non-GAAP and Supplementary Financial Measures' section in RF Capital's Management's Discussion and Analysis (MD&A) for the period ending on March 31, 2025 which is available for review on SEDAR+ at or on RF Capital's website at Article content iA Financial Group is a business name and trademark of iA Financial Corporation Inc. 1 Assets under administration (AUA) represents supplementary financial measure. Refer to the 'Non-IFRS and Additional Financial Measures' section of this news release and of iA's Q1/2025 Management's Discussion and Analysis for more information. 2 As at June 30, 2025. 3 Including the termination of equity plans. 4 Cost of the advisor retention strategy will be in addition to the purchase price. 5 This item is a non-IFRS financial measure; see the 'Non-IFRS and Additional Financial Measures' section for relevant information about such measure. 6 This item is a non-IFRS ratio; see the 'Non-IFRS and Additional Financial Measures' section in this news release and in iA's Q1/2025 Management's Discussion and Analysis. 7 As at March 31, 2025. 8 Richardson Wealth is a trade-mark of James Richardson & Sons, Limited and Richardson Wealth Limited is a licensed user of the mark. 9 Including the termination of equity plans. 10 Cost of the advisor retention strategy will be in addition to the purchase price. 11 The solvency ratio is calculated in accordance with the Capital Adequacy Requirements Guideline – Life and Health Insurance (CARLI) mandated by the Autorité des marchés financiers du Québec (AMF). This financial measure is exempt from certain requirements of Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure according to AMF Blanket Order No. 2021-PDG-0065. 12 Capital available for deployment represents a supplementary financial measures. Refer to the 'Non-IFRS and Additional Financial Measures' section in this news release and of iA's Q1/2025 Management's Discussion and Analysis for more information. 13 This item is a non-IFRS ratio; see the 'Non-IFRS and Additional Financial Measures' section in this document and in iA's Q1/2025 Management's Discussion and Analysis. 14 This item is a non-IFRS measure; see the 'Non-IFRS and Additional Financial Measures' section in this document and the 'Non-GAAP and Supplementary Financial Measures' section of RF Capital's Q1/2025 Management's Discussion and Analysis. 15 This item is a supplemental financial measure; see the 'Non-IFRS and Additional Financial Measures' section in this document and the 'Non-GAAP and Supplementary Financial Measures' section of RF Capital's Q1/2025 Management's Discussion and Analysis. Article content Article content Article content Article content Contacts Article content Information Article content RF Capital Investor Relations Article content Article content Office phone: 416-943-6607 Article content Article content Email: Article content investorrelations@ Article content iA Investor Relations Article content Article content Caroline Drouin Article content Article content Office phone: 418-684-5000, ext. 103281 Article content Article content Email: Article content Article content iA Public Affairs Article content Article content Chantal Corbeil Article content Article content Article content Article content

Torex Gold to Acquire Prime Mining
Torex Gold to Acquire Prime Mining

Toronto Star

timean hour ago

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Torex Gold to Acquire Prime Mining

(All amounts expressed in Canadian dollars unless otherwise stated) TORONTO, July 28, 2025 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. ('Torex', the 'Company') (TSX:TXG) (OTCQX:TORXF) and Prime Mining Corp. ('Prime Mining') (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) are pleased to announce that they have entered into a definitive agreement (the 'Arrangement Agreement') whereby Torex will acquire all of the issued and outstanding common shares of Prime Mining (the 'Prime Mining Shares') pursuant to a plan of arrangement (the 'Transaction').

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