M&A Deal Summary

Mosaic Capital Acquires Allied Cathodic Services

On September 1, 2007, private equity firm Mosaic Capital acquired energy services and equipment company Allied Cathodic Services

Acquisition Highlights
  • This is Mosaic Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Mosaic Capital’s 2nd transaction in Canada.
  • This is Mosaic Capital’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2007-09-01
Target Allied Cathodic Services
Sector Energy Services and Equipment
Buyer(s) Mosaic Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Allied Cathodic Services

Estevan, Saskatchewan, Canada
Allied Cathodic installs, maintains and replaces cathodic protection systems for oilfield well casings and steel flow lines in southeast Saskatchewan and southwest Manitoba. The majority of oil wells and steel flow lines in southeastern Saskatchewan and southwestern Manitoba have cathodic protection systems in place to protect well casings and flow lines from the harmful effects of soil side corrosion. Corrosion rates in the areas that Allied Cathodic operates are accelerated by the fact that the majority of wells are drilled through the Blairmore sand formation. The Blairmore formation is a highly corrosive formation of salt water and sand located approximately 800 - 900 meters deep and with a thickness of 30 - 40 meters. Cathodic protection is a technique used to control the corrosion of metal surfaces by making that surface the cathode of an electromechanical cell. Cathodic protection systems use anodes connected to a direct current power source. The anodes are solid rods of various specialized materials. A typical cathodic protection system for a flow line or well bore would include an alternating current powered rectifier with a direct current output connected by cables to an array of anodes buried in a ground bed.

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Buyer(S) 1

Buyer

Mosaic Capital

Calgary, Alberta, Canada

Investor

website

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Mosaic Capital is an investment group that acquires established businesses operating in niche markets. Areas of interest include the printing, oil and gas service, technology and real estate industries. Mosaic generally targets companies in Western Canada with cash flows of $3 - $10 million. Mosaic Capital Capital is based in Calgary.

DEAL STATS #
Overall 2 of 13
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 12
State (Saskatchewan) 1 of 3
Country (Canada) 2 of 13
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Printing Unlimited

Fort McMurray, Alberta, Canada

Printing Unlimited has been in operation since 1984 and has grown to be the largest provider of commercial printing services in Fort McMurray. Printing Unlimited has three departments: printing, reproduction and signs. Operations in the printing department include pre-press procedures such as graphic design, layout, artwork and typesetting in both a Mac and PC environment; (ii) full colour offset and digital printing on four Heidelberg presses (three of which were purchased new in the last three years) where images are reproduced onto paper, foil, plastic and other materials; and (iii) bindery or finishing procedures such as folding, stitching, trimming, cutting, punching and perforating. The reproduction department reproduces images on high-speed black and white and color Xerox photocopiers, and the sign department manufactures decals, signs, banners and photo images up to 48 inches wide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-15 Polar Geomatic Solutions

Red Deer, Alberta, Canada

Polar Geomatic has been in operation since 2003. Polar LP's clients are pipeline companies to whom it provides access to its web based, proprietary landowner information database ("LOID") system. The LOID system is used by pipeline companies to simplify compliance with stakeholder notification and emergency response planning requirements under applicable legislation.

Buy -
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