WesternOne Inc. (TSX:WEQ) entered into an acquisition agreement to acquire additional 20% stake in Britco Structures USA LLC for $8.5 million on September 9, 2014. As a result of the acquisition, WesternOne Inc.'s stake will increase from 44.55% to 64.55%. The transaction will be funded from public offering initiated by WesternOne Inc. on September 9, 2014.

In a related transaction, on September 9, 2014, WesternOne entered into an acquisition agreement to purchase the assets of Enerbuilt for $20 million in cash and stock. Britco Structures USA LLC reported EBITDA of $7.5 million for year ending on June 30, 2014. The transaction is expected to close on September 30, 2014.