Elevate Service Group (ESVCF) completed a preventative maintenance program through subsidiary TFI covering approximately 200 machines at Circle K locations.
The work covered Taylor 349 Froster machines across Ontario. With TFI's existing service operations running near capacity when the program was awarded, qualified technicians from Elevate's broader network helped deliver the additional work internally. Elevate intends to apply the same model across additional equipment categories and customer relationships, with the aim of generating incremental service opportunities and improving technician utilization.
Elevate Service Group (ESVCF) announced five management hires across technology, facilities, operations, procurement and finance to support its operating platform. The company said the appointments support organic growth, acquisition integration and national expansion.
Brennan Direnfeld, Chief Information Officer, leads enterprise technology, systems integration, data and analytics, and artificial intelligence applications. Joshua Grundy, Director of Facilities & Construction Services, will oversee building operations, maintenance standards and capital projects. “Shane” Kunal Varma, Director of Operations, will lead field operations, focusing on service delivery, performance and safety. Chris Hodgson, Director of Procurement, will lead procurement strategies, supplier relationships and cost-efficiency initiatives. Darren Fahy, Financial Controller, joins the finance function with experience in reporting, controls and systems implementation.
Elevate Service Group (ESVCF) entered into an amended credit agreement with a Canadian lender providing up to $25 million in acquisition financing. The new acquisition facility is undrawn and supports qualifying acquisitions in Canada and the United States. The revolving operating line increased from $6.0 million to $7.5 million, alongside approximately $14.5 million of existing acquisition-related term debt.
The operating rate fell from prime plus 1.25% to prime plus 1.00%. Acquisition borrowing carries a prime-based margin determined by leverage, with draws amortized over seven years. The facility matures on May 10, 2028 and is secured against company assets and subsidiaries. Covenants cap funded debt relative to adjusted earnings before interest, taxes, depreciation and amortization at 3.50x, temporarily rising to 3.75x after certain material acquisitions, and require fixed-charge coverage of at least 1.10x.
Elevate Service Group (ESVCF) is supporting KFC Canada's Kwench rollout at more than 200 restaurants through equipment and site services.
Elevate's subsidiary TFI leads the sale, delivery, installation and commissioning of Taylor soft serve equipment, Flavor Burst syrup integration, Marco Beverage Systems equipment and QualServe stainless steel benches. Elevate and TFI coordinate site assessments and readiness, equipment installation and post-launch support through one project team. Rollout work began in late Q2 2026 and is expected to continue into Q1 2027.
Elevate Service Group (ESVCF) has commenced trading on the OTCQB Venture Market and obtained DTC eligibility for its common shares in the United States. The OTCQB approval was received on July 21, 2026, and DTC eligibility approval on August 27, 2026.
The company also granted 497,000 stock options at an exercise price of $2.20 with five-year terms and issued 69,444 RSUs valued at $150,000, mainly for recruitment and retention. At its July 16, 2026 AGM, all matters were approved, including the election of four directors, auditor appointment, and long-term incentive plan. Elevate further entered a six-month marketing and investor relations agreement with Capital Gain Media for a fee of US$250,000 to broaden investor awareness.