Add-on Acquisition • Business Services

Finning Acquires Blandin Light Plant

On May 8, 2003, Finning acquired business services company Blandin Light Plant for 2M CAD

Acquisition Context
  • This is Finning’s 2nd transaction in the Business Services sector.
  • This is Finning’s 5th largest (disclosed) transaction.
  • This is Finning’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date May 8, 2003
Target Blandin Light Plant
Sector Business Services
Buyer(s) Finning
Deal Type Add-on Acquisition
Deal Value 2M CAD

Target Company

Blandin Light Plant

Channel Islands, United Kingdom
Blandin Light Plant Ltd. is an equipment rental company located in Jersey, Channel Islands, the U.K.
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Buyer Overview 1

Buyer

Finning

Surrey, British Columbia, Canada

Category Company
Founded 1933
Sector Machinery
Employees15,279
Revenue 11.2B CAD (2024)
DESCRIPTION

Finning is an operator that sells, rents, and services caterpillar equipment and engines, along with related parts and performance solutions. Finning was founded in 1933 and is based in Surrey, Canada.


Deal Context for Buyer #
Overall 5 of 11
Sector: Business Services 2 of 3
Type: Add-on Acquisition 4 of 9
Country: United Kingdom 2 of 5
Year: 2003 3 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-13 Macrosa Del Plata S.A.

Beccar, Argentina

Macrosa Del Plata S.A. is a distributor of machinery and equipment to heavy construction, mining, forestry, and marine industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-27 Collicutt Energy Services

Red Deer, Alberta, Canada

Collicutt Energy Services Ltd. is one of Canada's major businesses engaged in providing a turn key solution in the service and fabrication of natural gas compression, underbalanced drilling equipment, power generation systems, and oilfield equipment. Its operations span Western Canada and the Western United States with a modern manufacturing facility located in Red Deer, Alberta and 15 strategically located branch locations. All services are performed in-house allowing for a cost effective manufacturing process.

Buy CA$145M