M&A Deal Summary

Nautic Partners and Constitution Capital Partners Acquire Canada Cartage

On July 9, 2007, private equity firms Nautic Partners and Constitution Capital Partners acquired transportation company Canada Cartage

Acquisition Highlights
  • This is Nautic Partners’ 2nd and Constitution Capital Partners’ 1st transaction in the Transportation sector.
  • This is Nautic Partners’ 1st and Constitution Capital Partners’ 1st transaction in Canada.
  • This is Nautic Partners’ 1st and Constitution Capital Partners’ 1st transaction in Ontario.
Investment Fate
  • Canada Cartage was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2007-07-09
Target Canada Cartage
Sector Transportation
Buyer(s) Nautic Partners
Constitution Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Canada Cartage

Mississauga, Ontario, Canada
website
Canada Cartage is a provider of customer-located, dedicated trucking services and warehouse solutions to specific customers and reside at their locations. Canada Cartage was founded in 1914 and is based in Mississauga, Ontario.

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Buyer(S) 2

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 32 of 76
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 17 of 32
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-19 Compbenefits

Roswell, Georgia, United States

CompBenefits Corporation provides dental and vision care benefit plans in the United States.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-10 AIM Holding

Chicago, Illinois, United States

AIM is the provider of services that help insurers and healthcare providers manage the utilization, cost, and quality of diagnostic imaging services such as MRI, CT, and PET. Major customers include CIGNA, Blue Cross Blue Shield plans in Michigan and Texas, and Anthem Midwest.

Sell $300M
DESCRIPTION

Constitution Capital Partners is a private equity firm focused on buyouts of North American companies. Constitution typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. The Firm was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 3 of 25
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 12
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-14 WideOpenWest

Englewood, Colorado, United States

WideOpenWest is a provider of high-speed Internet, cable TV, and phone serving communities in the U.S. WOW's operating philosophy is to deliver an employee and customer experience that lives up to its name. WideOpenWest was founded in 2001 and is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 London Broadcasting

Addison, Texas, United States

London Broadcasting Co., Inc. is a media company that owns and operates local television and radio stations in small and mid-sized markets in Texas and surrounding states. London Broadcasting is based in Addison, Texas.

Buy -