Doing It Right This Time or DIRTT Environmental Solutions said it had filed for an IPO in Canada to raise gross proceeds of USD 45 million. The share sale would be led by Raymond James Ltd. Canaccord Genuity Corp, National Bank Financial In, TD Securities In and Cormark Securities Inc were the other underwriters for the offering.

DIRTT is backed by private equity firms from the US and Canada. These include Apex Venture Partners, EDC Equity Fund, Expansion Capital Partners, Kayne Anderson Capital Advisers, NGEN Partners and North Sky Capital. DIRTT has so far raised USD 47.7 million of venture capital since it was established in 2001.

DIRTT is a technology-driven maker of highly customized interiors. It uses its proprietary 3D design to manufacture innovative prefabricated interior construction solutions. In a press release, DIRTT said that its products and services coupled with its extensive distribution partner network provide distinctive solutions for the fragmented construction industry.