Stock transfer firm Computershare Ltd. has completed its deal for the assets of Valiant Trust Co. from Canadian Western Bank.
Computershare said Friday it has completed the acquisition, which was announced in early March, that includes the stock transfer, employee plan services and corporate trust businesses of Valiant across Canada. The price for the deal is approximately $33 million in cash.
“The acquisition of the Valiant assets represents Computershare’s commitment to growing our core businesses across Canada,” said Stuart Swartz, president and CEO of Computershare Canada. “Our strengths lie in our technology and in our people, who continuously deliver value to our clients with service excellence that has earned Computershare the reputation of a trusted industry leader.”
Calgary-based Valiant provides services to approximately 450 issuers across Canada, including a large number of private companies.