NAPEC - M&A Summary, Ownership, and Business Overview

ConstructionCompany

NAPEC M&A Summary

NAPEC has acquired 3 companies of its own. It has also divested 1 asset.

NAPEC’s largest acquisition to date was in 2009, when it acquired Riggs Distler for $45M. It’s largest disclosed sale occurred in 2021, when it sold Riggs Distler to Centuri Construction Group for $855M. NAPEC has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include construction (34%) and electrical equipment (34%).

NAPEC Ownership

Who owns NAPEC?

NAPEC is owned by Oaktree Capital Management. It was acquired on December 4, 2017.

Is NAPEC PE-backed?

Yes. NAPEC is owned by private equity investor Oaktree Capital Management.

NAPEC Business Overview

Where is NAPEC headquartered?

NAPEC is headquartered in Drummondville, Quebec.

What is NAPEC’s revenue?

NAPEC disclosed revenue of 344M CAD for 2015 and 293M CAD for 2014.

How many employees does NAPEC have?

NAPEC has 1,232 employees.

What sector is NAPEC in?

NAPEC is a construction company.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

NAPEC, Inc.

1975, J.B. Michaud Street,
Drummondville, Quebec J2C 0H2
Canada,
(819) 479-7771
www.napec.ca

NAPEC, Inc. is a company operating in the energy sector. The Corporation is a provider of construction and maintenance services to the public utility and heavy industrial markets, mainly in Québec, Ontario, and the eastern United States. NAPEC and its subsidiaries build and maintain electrical transmission and distribution systems and natural gas networks. The Corporation also installs gas-powered and electric-powered heavy equipment for utilities, gas-fired industrial power plants, petrochemical facilities, and solar panel farms in North America. The Corporation also offers environmental construction and road matting services.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $73M $73M
Sell (0.2/yr) # - - 1 - - - 1
vol $855M $855M
  4

Most Recent M&A

Company Date Value Type
Riggs Distler & Co., Inc. 2021-06-29 855M USD Divestiture
Cherry Hill, New Jersey · www.riggsdistler.com
PCT Contracting LLC 2016-11-30 25M CAD Add-on Acquisition
Mount Vernon, New York
B.G. High Voltage Systems Ltd. 2013-01-31 3M USD Add-on Acquisition
Scarborough, Ontario · www.bg-high-voltage.ca
Riggs Distler & Co., Inc. 2009-07-15 45M USD Add-on Acquisition
Cherry Hill, New Jersey · www.riggsdistler.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 1 (33%) 45M (62%) 1 (100%) 855M (100%)
Electrical Equipment 1 (33%) 3M (4%) - -
Energy Services and Equipment 1 (33%) 25M (34%) - -
Total 3 $73M 1 $855M

By Geo

State/Country Buy Value Sell Value
United States 2 70M 1 855M
  New Jersey 1 45M 1 855M
  New York 1 25M - -
Canada 1 3M - -
  Ontario 1 3M - -
Domestic 1 (33%) 3M (4%) - -
Cross-border 2 (67%) 70M (96%) 1 (100%) 855M (100%)
Total 3 $73M 1 $855M

Deal Values

buy # Total
< $100M 3 $73M
TOTAL $73M
Largest Riggs Distler & Co., Inc.
$45M (2009-07-15)
sell # Total
$100M to $1B 1 $855M
TOTAL $855M
Largest Riggs Distler & Co., Inc.
$855M (2021-06-29)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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