Advent International controlled BOS Solutions to raise $90M in initial public offering priced at between $11-14 per share

Advent-backed BOS Solutions files for IPO

BOS Solutions Holdings Inc., a leading North American provider of customizable and scalable liquids-solids separation services, has filed for proposed initial public offering and secondary offering by Advent International, a global private equity (PE) firm.

The offering is being underwritten by CIBC World Markets Inc. and BMO Nesbitt Burns Inc. Norton Rose Fulbright Canada LLP and Blake, Cassels & Graydon LLP acted as legal counsels to BOS and the underwriters respectively.

Founded in 2001, BOS Solutions operates throughout Canada and the United States of America with physical locations in Alberta, Ontario, Texas, North Dakota, Pennsylvania, Colorado, and Alaska. BOS Solutions has over 300 employees including contractors. BOS is headquartered in Calgary with a US corporate office in Houston, Texas.

Advent International acquired BOS Solutions Ltd. in November 2010.

Advent International, through Advent Calgary (Luxembourg) S.à.r.l., controls 96.3% of BOS outstanding shares.

BOS Solutions is the third Calgary based PE backed oil and gas services company that filed for IPO within last two months

TriWest Capital Partners backed Source Energy Services filed for a $300 million IPO and secondary offering and ARC Financial controlled STEP Energy Services filed for IPO and secondary offering, both in February 2017.

UPDATED (April 17, 2017):

>> Advent owned BOS Solutions to raise $90M in IPO

photo credit: BOS Solutions

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.