Mosaic’s South East Construction acquires Tundra

Secon Holdings LP, dba South East Construction, a 75% subsidiary of Mosaic Capital Corporation (TSX-V: M) has acquired a 70% interest in the business being carried on by Tundra Mechanical and Millwrighting Ltd. Financial terms were not disclosed. The acquisition was funded through a combination of cash and a vendor note and was at the low end of Mosaic’s usual valuation range.

Established in 1988, Tundra provides mechanical and millwrighting services to a broad range of industries, including water treatment, waste management and agriculture.

Established in 1989, Secon is a multi-trade industrial and commercial construction company, primarily servicing the potash mining and milling industry in all phases of underground and surface construction and maintenance.

Mosaic Capital acquired South East Construction on November 1, 2014.

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.