TORONTO, Nov. 22, 2018 /CNW/ - Toronto-based private equity firm Almada Inc. applauds proposed tax changes announced by Bill Morneau, Canada's Minister of Finance, in the Government of Canada's 2018 Fall Economic Statement.
"Since its founding in 2017, Almada has invested $200 million in aircraft, environmental waste management, self-storage, and software," said Martin Goldarb, co-founder and chairman of Almada. "Much of our Almada's investment focus has been outside of Canada, but the proposed measures announced by Minister Morneau to allow the full cost of machinery and equipment to be written off immediately for tax purposes make it much more attractive for us to invest in Canada and create good jobs here at home."
"Yesterday, we announced the creation of Environmental 360 Solutions Inc. (E360S), a new environmental waste management company, which completed its first acquisition," said Alon Ossip, co-founder and chief executive officer of Almada. "The proposal to allow clean energy equipment to be eligible for an immediate write-off of the full cost makes cleantech acquisitions and investments extremely attractive to us."
About Almada Inc.
Founded in 2017, Almada is a private equity / venture capital entity which focuses on companies in which it has a significant influence or controlling position. Almada utilizes the skills and experiences of the principals, namely Alon Ossip and Martin Goldfarb, to create a series of investments in different verticals. Extensive work has already been done in software, industrials, real estate, environmental management, self-storage and aviation. Since its founding, Almada has invested over $200 million. Almada is based in Toronto, Canada.
SOURCE Almada Inc