CALGARY, Alberta, April 02, 2026 (GLOBE NEWSWIRE) -- (all financial information is presented in Canadian dollars (CAD) unless otherwise noted)
Alaris Equity Partners (TSX:AD) ("Alaris" or the "Trust") is pleased to announce that it has completed a $75.3 million investment into Kubik LP ("Kubik" or the "Company"). Kubik is a full-service designer and fabricator of custom tradeshow exhibits, brand activations and immersive environments for museums, handling everything from concept and fabrication to installation and logistics for its global clients.
"We are highly impressed with the entire Kubik team and the Company's deep, established customer relationships. The Company has a track record of over 40 years and long-term relationships with some of the world's largest companies. We look forward to supporting Kubik's growth through operational value creation and disciplined add-on acquisitions, while staying committed to Kubik's consistent, high-quality execution and core corporate values," commented Gregg Delcourt, Chief Investment Officer of Alaris.
"We are excited to partner with Alaris. Alaris' culture, and its alignment with founder-led businesses reflects our corporate principles and values. This investment gives us the flexibility to expand and accelerate our service offerings for our customers, while maintaining our high standard of creativity, customer service and fabrication quality," said Elliot Kohn, President of Kubik.
Distribution IncreaseAlongside the Kubik investment, Alaris is pleased to announce that its Board of Trustees has approved a 3% increase to the distribution. The increase brings the quarterly distribution to $0.38 and the annual distribution to $1.52 per trust unit, with the Alaris payout ratio remaining below our 65-70% target.
"As part of our strategy and proven track record of providing unitholders with a strong and stable distribution, Alaris has announced a $0.04 increase to our annual distribution," said Steve King, President and CEO of Alaris. "The preferred distributions that Alaris will receive from Kubik, increase our proforma distributable cash by $0.07 per unit annually. In keeping with our objectives of maintaining a conservative payout ratio, we have increased the distribution by that same percentage of the new earnings. Expected common distributions and fair value gains provide the potential for further upside moving forward," concluded Mr. King.
KubikFounded in 1983 and headquartered in Toronto, Kubik is a full-service provider of custom exhibit fabrication and immersive brand environments, serving Fortune 500 clients across North America and around the globe. The Company delivers end-to-end solutions—from concept and design through fabrication, installation and logistics—across brand activations, experiential marketing, trade shows, corporate environments, retail spaces, museums, and digital activations. Kubik's integrated capabilities enable clients to create high-impact, engaging experiences that strengthen brand presence and customer connection. Kubik maintains a diversified, blue-chip client base, including Philips, Honeywell, and leading automotive OEMs such as Kia, Nissan, BMW, and Lexus. Its subsidiary, Kubik Maltbie, focuses on permanent exhibits for museums and cultural institutions, providing consulting, project management, fabrication, and installation services. Kubik Maltbie has delivered a range of high-profile, award-winning projects, including the United States Holocaust Memorial Museum, the Empire State Building Observatory Experience, the Clinton Presidential Center, and the National Constitution Center.
The $75.3 million Kubik investment consists of a $62.5 million investment in debt and preferred equity as well as an investment of $12.8 million in exchange for a minority common equity ownership in Kubik. The Kubik investment will result in an annualized cash distribution to Alaris of $8.1 million, an initial combined annual ...
