Transcontinental (TCL-A) was up 9% on the back of its $30M+ acquisition of PDI Group, taking the company’s in-store marketing (ISM) segment to ~$300M of run-rate revenue…

… and offsetting sluggish organic growth. The deal comes on the heels of TCL’s $2B packaging unit divestiture, which should translate to improved margin performance in the back half of 2026…

… keeping the balance sheet healthy enough for more tuck-in ISM deals…

… as they advance the pipeline.

❝

We have 2 other ones in the pipeline also, a small one in the U.S. and one other one in the south of Montreal.

Donald LeCavalier (CFO) - TCL-A Q1/26 call

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