Calfee Client Pleasant Valley Corporation Receives Strategic Investment from Dexterra Group

Calfee is pleased to announce that its client, Pleasant Valley Corporation (PVC), has received a strategic investment from Dexterra Group Inc., a leading support services partner to the Canadian government and commercial clients across North America. The investment marks a significant milestone in PVC’s growth trajectory and enhances its ability to deliver integrated facilities management and construction services nationwide. 

Effective July 31, 2025, Dexterra acquired a 40% stake in PVC for $58.3 million USD. As part of the agreement, Dexterra has the option to acquire the remaining 60% of PVC as early as the third quarter of 2027. 

PVC, headquartered in Northeast Ohio, is a family-owned provider of facility management services primarily to commercial and industrial clients across the United States. The partnership with Dexterra will allow PVC to expand its service offerings and geographic reach while continuing to operate under its established brand and leadership team. 

Dexterra Group, headquartered in Toronto, Ontario, is publicly traded on the Toronto Stock Exchange (TSX: DXT) and provides support services, including facilities management, workforce accommodations, and modular solutions. The investment in PVC aligns with Dexterra’s strategy to grow its facilities management platform and strengthen its presence in the U.S. market. 

Calfee congratulates Pleasant Valley Corporation and Dexterra Group on this successful partnership. 

Calfee served as legal counsel to Pleasant Valley Corporation for this transaction. Calfee’s legal team was led by Corporate and Finance Co-Chair and Partner Brent M. Pietrafese and included Corporate and Finance Partner Gwen Gillespie Herman and Corporate and Finance Associate Attorneys Lauren Christine Kulik and Tianshu (Allie) Ji; Employee Benefits and Executive Compensation Partner Jason A. Rothman and Employee Benefits and Executive Compensation Associate Attorney Nicolette T.E. Cregan; and Tax Partner Michael K. Gall. 

Calfee congratulates Pleasant Valley Corporation and Dexterra Group on this successful partnership. 

Read the full release here. 

With 45+ dedicated attorneys, the Corporate and Finance practice group at Calfee, Halter & Griswold LLP is one of the largest and most prolific in Ohio, handling a significant number of complex and sophisticated business and financial transactions for clients across the country and globally. 

Calfee has a sophisticated and robust Mergers and Acquisitions, Divestitures, and Sales practice, annually consummating 60-75 M&A transactions, led by an active private equity client base and a large roster of public and significant privately held corporate clients. These financial and strategic buyers, coupled with our deep investment banking representations and relationships, drive a thriving and diverse M&A practice at Calfee. 

Calfee's Private Equity team – comprised of more than 30 corporate, securities, tax, and employee benefits attorneys – is dedicated to getting the deal done while remaining responsive, creative, and efficient in negotiating and closing transactions for clients.