M&A Deal Summary

AGI Acquires Vicwest s Westeel Division

On November 11, 2014, AGI acquired building materials company Vicwest s Westeel Division from Vicwest for 222M CAD

Acquisition Highlights
  • This is AGI’s 1st transaction in the Building Materials sector.
  • This is AGI’s 0th largest (disclosed) transaction.
  • This is AGI’s 5th transaction in Canada.
  • This is AGI’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-11-11
Target Vicwest s Westeel Division
Sector Building Materials
Buyer(s) AGI
Sellers(s) Vicwest
Deal Type Divestiture
Deal Value 222M CAD

Target

Vicwest s Westeel Division

Ontario, Canada
Westeel makes grain storage systems for the agricultural industry.

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Buyer(S) 1

Buyer

AGI

Winnipeg, Manitoba, Canada

website

Category Company
Founded 1996
Sector Machinery
Employees2,780
Revenue 1.2B CAD (2021)
DESCRIPTION

AGI is a manufacturer of portable and stationary grain handling, storage and conditioning equipment including augers, belt conveyors, grain storage bins, grain handling accessories and grain aeration equipment. AGI was incorporated in 1996 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 11 of 21
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 2
Country (Canada) 5 of 9
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 Airlanco

Falls City, Nebraska, United States

Airlanco, Inc. is an aeration and filtration products manufacturer for the commercial grain handling industry.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 G J VIS Enterprises

Oak Bluff, Manitoba, Canada

G J VIS Enterprises, Inc. is a manufacturer of material handling equipment used in the fertilizer, feed and grain sectors.

Buy $15M

Seller(S) 1

SELLER

Vicwest

Oakville, Ontario, Canada

website

Category Company
Sector Building Materials
Employees1,200
DESCRIPTION

Vicwest Inc. is a manufacturer and distributor of engineered storage and handling systems for grain, fertilizer and liquid storage as well as building construction products for agriculture, commercial, industrial and residential markets. The Company operates through two strategically aligned divisions: Vicwest Building Products and Westeel.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Divestiture) 2 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Vicwest - Building Products

Oakville, Ontario, Canada

Vicwest Inc. - Building Products comprises three Insulated Panel manufacturing plants in addition to a number of profiling facilities across Canada and the US.

Sell CA$155M
Mergr

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