Enerflex buy is complete

Article Excerpt

TOROMONT INDUSTRIES LTD. $30.20 (Toronto symbol TIH; SI Rating: Extra Risk) (416-667-5511; www.toromont.com; Shares outstanding: 76.2 million; Market cap: $2.3 billion; Dividend yield: 2.0%) has completed its purchase of Enerflex Systems Income Fund. Toromont is now merging Enerflex with its Toromont Energy Systems compression business. Enerflex brings a number of new oil and gas customers to Toromont. It also expands the company’s international presence: Toromont mainly operates in the U.S., while Enerflex focuses on markets like Australia, the Middle East and North Africa. Toromont is still a buy. buy…