The Globe and Mail reports in its Wednesday edition that TerraVest may be one of Canada's most deep-value industrial players. Guest columnist George Athanassakos writes that TerraVest is a diversified industrial company that sells goods and services to a variety of end markets, manufacturing home heating products, propane, anhydrous ammonia and natural-gas-liquids transport vehicles and storage vessels, energy processing equipment and fibreglass storage tanks. Its competitors include Shawcor, Enerflex and Total Services Energy. Mr. Athanassakos says that while TerraVest has significant exposure to oil and gas and steel prices, as well as currency exchange, the firm has mitigated both through futures contracts. Also, in the heavy industry subsector, barriers to entry are high as capital requirements, scale and the complexity of operations are high. TerraVest seems to have a scale advantage versus its competition as is exemplified by the following: First, it has 21 locations across Canada and the United States and 19 brands under its umbrella. Second, its operating margins have been higher than those of its key competitors. Third, TerraVest's return on assets has significantly exceeded that of competitors since 2017.