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Plethora Businesses Advises Xebec in Acquisition of Air & Gas Company

ORANGE, Calif., January 7, 2020 // — Plethora Businesses has announced that it served as the exclusive M&A Advisor to Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”) in their acquisition of CDA Systems LLC (“CDA”).  Xebec, through a cash purchase, will acquire all of the outstanding securities of CDA.  The principals of CDA will remain on board after the acquisition to ensure optimal integration into Xebec’s industrial service and grow the business over the coming years.

“It was a pleasure working with both Xebec and CDA Systems. We are excited to see what will come from the alliance of these two great companies,” said Nick Lanza, Vice President of Plethora Businesses.

CDA Systems is a leading distributor and service provider of Oil-Free Air Compressors, Air Dryers, and Filtration Systems in California’s San Francisco Bay Area. The Company designs, sells, rents, and maintains Clean Dry Air systems and have supported major manufacturers with numerous equipment installations. Their projects have included value engineered solutions supporting compression, dehydration, CNG, and other specialty gases, with a goal of achieving energy cost savings and utility rebates.

“The CDA purchase continues Xebec’s strategic journey to provide local, customer-centric service, support and operations capabilities for our cleantech and renewable gas segment,” said Kurt Sorschak, President and CEO of Xebec. “This is a critical component to our value proposition, and a key advantage to choosing Xebec for biogas upgrading projects. To be worry-free is important to customers and knowing that experienced local service and support is available delivers that peace of mind.”

Xebec’s industrial service and products division has been a strong contributor to the overall growth and profitability of the company, generating a significant amount of recurring revenue through the sale of parts and services. By adding Service Centers throughout North America, Xebec aims to become the leading renewable gas systems service and support provider, offering the unique service advantage of localized support for nation-wide biogas to renewable natural gas projects.

About Plethora Businesses: Plethora Businesses is a boutique M&A Advisory firm, providing Sell-side and Buy-side M&A, corporate strategy solutions, valuations and consulting services to middle market businesses. In 2019, Plethora is celebrated its 20th year in business.

About Xebec: Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. Xebec has two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe and Asia. Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.

About CDA Systems: CDA Systems is a leading distributor of Oil-Free Air Compressors, Air Dryers, and Filtration Systems in the California’s San Francisco Bay Area. They design, sell, rent, and maintain Clean Dry Air systems as well as Process Vacuum, POU Filtration, and Instrumentation & Automation related to critical air processes. The Industry sectors served include Pharmaceutical, Microelectronics, Refinery, Food & Beverage, R&D and Manufacturing.

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