Industrial and Manufacturing
CDPQ backs AMB Modulaire succession and growth
Caisse de dépôt et placement du Québec (CDPQ) invested in AMB Modulaire in support of AMB growth and succession led by Marc Latreille, and Philippe Latreille
Egis to acquire McIntosh Perry from Signal Hill
Tikehau Capital, Caisse des Dépôts backed Egis to acquire McIntosh Perry and Beam, Longest and Neff, LLC from Signal Hill Equity Partners and other shareholders.
CDPQ invests $75M in Groupe Nouveau Pont Île-Aux-Tourtes
Groupe Nouveau Pont Île-Aux-Tourtes closed $380.15M senior bond offering with participation of CDPQ, BCI (likely) and 4 Ontario and Quebec investors. Scotia Capital Inc. and CIBC World Markets acted as underwriters of the bond offering.
National Bank SME Growth Fund invests in Induspac Group
National Bank Private Investment (NBPI), through National Bank SME Growth Fund, L.P., acquired a minority stake in Luc Guertin led Induspac Group.
Mitsubishi Electric invests in Clearpath Robotics
Mitsubishi Electric Corporation (TSE: 6503) made strategic investment in Clearpath Robotics, the owner of OTTO Motors
Coliseum Capital to invest additional up to US $150M in NFI Group
NFI Group Inc. entered into agreement with Coliseum Capital Management, LLC for investment of up to US $150M by Coliseum, up to US $175M from Coliseum private placement and an alternative offering
GIP to acquire Aecon roadbuilding business in Ontario for $235M
GFL Environmental Inc. and HPS Investment Partners backed Green Infrastructure Partners Inc. to acquire Aecon's roadbuilding, aggregates and materials businesses in Ontario for $235M in cash.
LKQ to acquire Uni-Select for $2.8B
LKQ to acquire Uni-Select Inc. for CDN $48 per share for total enterprise value of CDN $2.8B from EdgePoint Investment Group Inc., Birch Hill Equity Partners Management Inc., and other shareholders.
SCP backed OC Flavors acquires Novotaste
Shore Capital Partners backed OC Flavors has acquired Novotaste from Robert Barakett, MCI Miritz Citrus GmbH & Co. KG and others.
Xaba secures seed financing led by Hazelview Ventures
Xaba secured seed funding led by Hazelview Ventures with participation from Whiteshell Group Inc.
Flowserve to acquire Velan for CDN $329M
Flowserve to acquire Velan Inc. from Velan family, Kernwood Limited and other shareholders at $13 per share for CDN $329M, including assumption of $48.9M outstanding gross debt and Velan's $42.2M of cash and cash equivalents (11/30/2022)
MiddleGround Capital acquires Mégatech from Alfar Capital
MiddleGround Capital acquired Megatech from from Alfar Capital and Jean Blanchet who remains with the company following the acquisition. Stifel acted as exclusive financial advisor to Megatech.
Raven Telemetry announces US $12M Series A
Martin Cloake and Braden Stenning founded Raven secured US $12M Series A funding led by Momenta Ventures and Chartline Capital Partners with participation from Celtic House Venture Partners, Export Development Canada, private investors. Michael Dolbec, Managing Director at Momenta, joined Raven board of directors.
Sollum Technologies secures $30M financing led by Idealist Capital
François Roy-Moisan and Louis Brun founded Sollum Technologies secured $30M new funding from Idealist Capital ($25M) and Fondaction ($5M). Idealist's Pierre Larochelle and Steeve Robitaille joined Sollum board of directors.
SureWerx changes ownership to Partner Group from Riverside
SureWerx changes ownership once more to Partners Group from The Riverside Company which acquired SureWerx from Penfund.
CDPQ invests additional $150M in Pomerleau
Caisse de dépôt et placement du Québec (CDPQ) invested additional $150M in Pomerleau, playing a significant role in Pomerleau's recent acquisition of ITC Construction Group.
Long Point Capital invests in Allnorth
Darby Kreitz led Allnorth Consultants Limited secured significant equity investment from Long Point Capital. Ira Starr and Norman Scherr from Long Point joined Allnorth board. Excalibur Investment Banking acted as financial advisor to Long Point Capital.
Fonds de solidarité and Investissement Québec invest in EBC
Marie-Claude Houle led EBC Inc. secured minority investments from Fonds de solidarité FTQ and Investissement Québec.
