Finning International Sells 4Refuel to H.I.G. Capital for $450 Million

Finning International ( (TSE:FTT) ) has provided an announcement.

Finning International Inc. has announced the sale of its mobile on-site refueling business, 4Refuel, to H.I.G. Capital for up to $400 million, with an implied transaction value of approximately $450 million. This strategic move allows Finning to simplify operations and focus on core dealership operations, aiming to enhance earnings and sustainable growth. The transaction is expected to close in the third quarter of 2025, with proceeds used for share repurchases and reinvestment, potentially increasing earnings per share.

Spark’s Take on TSE:FTT Stock

According to Spark, TipRanks’ AI Analyst, TSE:FTT is a Outperform.

Finning International demonstrates strong financial health with robust revenue growth and effective cash flow management. Positive sentiment from the earnings call, particularly in strategic markets like South America, bolsters the stock’s appeal. However, technical indicators suggest mixed momentum, and challenges in the Canadian and rental sectors may impact future performance. The stock’s valuation remains attractive with a low P/E ratio and a solid dividend yield.

To see Spark’s full report on TSE:FTT stock, click here.

More about Finning International

Finning is the world’s largest Caterpillar dealer, providing equipment, parts, services, and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Headquartered in Surrey, British Columbia, Finning has been delivering unrivaled service to customers for over 90 years.

Average Trading Volume: 449,466

Technical Sentiment Signal: Buy

Current Market Cap: C$5.25B

Find detailed analytics on FTT stock on TipRanks’ Stock Analysis page.