Finning Mergers and Acquisitions Summary

MachineryCompany

Finning has acquired 12 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

Finning’s largest acquisition to date was in 2012, when it acquired Caterpillar - Distribution Business for $465M. It’s largest disclosed sale occurred in 2010, when it sold Hewden Stuart to Sun Capital Partners for $169M. Finning has acquired in 5 countries. The Company’s most targeted sectors include business services (28%) and distribution (28%).

Join Mergr and gain access to Finning’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity11
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Finning

Finning International, Inc.

565 Great Northern Way Suite 300,
Vancouver, British Columbia V5T 0H8
Canada,
(888) 346-6464
www.finning.com

Finning is the largest Caterpillar dealer operating in some of the most resource-rich territories in the world. Finning was founded in 1933 and is based in Vancouver, Canada.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 9 - - - 2 - 11
vol $1.1B $100M $1.2B
Sell (0.0/yr) # 2 - - - - - 2
vol $219M $219M
  13

Most Recent M&A

Company Date Value Type
Hydraquip Hose & Hydraulics Ltd. 2022-03-22 100M GBP Add-on Acquisition
Rochester, United Kingdom · www.hydraquip.co.uk
Hoses Direct Ltd. 2022-03-22 - Add-on Acquisition
Canterbury, United Kingdom · www.hoses.co.uk
4Refuel Canada LP 2018-12-10 260M USD Add-on Acquisition
Langley, British Columbia · www.4refuel.com
Kramer Ltd. 2015-05-06 230M USD Add-on Acquisition
Regina, Saskatchewan · www.kramer.ca
Caterpillar - Distribution Business 2012-01-18 465M USD Divestiture
, United Kingdom
Hewden Stuart Ltd. 2010-05-05 169M GBP Divestiture
Manchester, United Kingdom · www.hewden.co.uk
Collicutt Energy Services Ltd. 2007-11-27 110M CAD Add-on Acquisition
Red Deer, Alberta · www.collicutt.com
Blandin Light Plant Ltd. 2003-05-08 2M CAD Add-on Acquisition
Channel Islands, United Kingdom
Macrosa Del Plata S.A. 2003-01-13 - Add-on Acquisition
Beccar, Argentina
General Machinery Co. S.A. 2003-01-13 - Add-on Acquisition
Montevideo, Uruguay · www.gemcosa.com.uy
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
4Refuel Canada LP 2018-12-10 ComTech Energy 2021-09-14 1
Langley, British Columbia · www.4refuel.com Milton, Ontario · www.comtechenergy.ca

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 3 (27%) 232M (20%) 2 (100%) 219M (100%)
Distribution 3 (27%) 465M (40%) - -
Energy Services and Equipment 2 (18%) 370M (32%) - -
Manufacturing 2 (18%) 100M (9%) - -
Marine 1 (9%) - - -
Total 11 $1.2B 2 $219M

By Geo

State/Country Buy Value Sell Value
United Kingdom 5 567M 1 169M
Canada 3 600M 1 49M
  British Columbia 1 260M 1 49M
  Saskatchewan 1 230M - -
  Alberta 1 110M - -
Argentina 1 - - -
Germany 1 - - -
Uruguay 1 - - -
Domestic 3 (27%) 600M (51%) 1 (50%) 49M (23%)
Cross-border 8 (73%) 567M (49%) 1 (50%) 169M (77%)
Total 11 $1.2B 2 $219M

Top M&A Advisors

Financial Deals
National Bank Financial
1
Legal Deals
Borden Ladner Gervais LLP
2

Deal Values

buy # Total
$100M to $1B 5 $1.2B
< $100M 1 $2M
TOTAL $1.2B
Largest Caterpillar - Distribution Business
$465M (2012-01-18)
sell # Total
$100M to $1B 1 $169M
< $100M 1 $49M
TOTAL $219M
Largest Hewden Stuart Ltd.
$169M (2010-05-05)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
18%
2 (18%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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