Hillcore Group Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Hillcore Group has acquired 8 companies.

Hillcore Group’s most common sectors for investment aretransportation (20%) and construction (20%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (80%) and growth capital (14%). Its largest (disclosed) acquisition occurred in 2018 when it acquired Atlantic Retirement Group - Seniors Living Homes for $70M.

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M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity15
  • Total Sectors Invested 11
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Hillcore Group

Brookfield Place, 161, Bay Street, Suite 2430, PO Box 517,
Toronto, Ontario M5J 2S1
Canada
(416) 214-3350
www.hillcoregroup.com
info@hillcoregroup.com

Hillcore Group is a diversified Canadian investment and advisory firm. Hillcore operates through a variety of sector specific investment groups. These include life science, real estate, senior living, financial services, technology, industrial, energy, and agriculture. Hillcore will consider a variety of acquisition situations but generally prefers to partner with management in support of buyouts or buy-ins. Hillcore also considers shareholder liquidity situations. Hillcore Group was formed in 2005 and is based in Toronto.


Investment Criteria

Sectors of Interest: Construction, Energy Services and Equipment, Financial Services, Life Science, Real Estate

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 7 - - 3 5 - 15
vol $70M $70M
Sell (0.0/yr) # - - - - - - 0
  15

Most Recent M&A

Company Date Value Type
Midlite Construction Ltd. 2023-09-15 - Buyout (LBO, MBO, MBI)
McMurray, Alberta · www.midlite.ca
Whitewater Management Ltd. 2023-09-07 - Buyout (LBO, MBO, MBI)
Calgary, Alberta · www.whitewatermanagement.ca
Ruskin Construction Ltd. 2023-07-12 - Buyout (LBO, MBO, MBI)
Prince George, British Columbia · www.ruskinconstruction.com
Thompson Construction Group 2023-06-02 - Buyout (LBO, MBO, MBI)
Spruce Grove, Alberta · www.thompsoncg.ca
Zanron Mechanical Services 2023-03-17 - Buyout (LBO, MBO, MBI)
Kitimat, British Columbia · www.zanron.com
Porter Warehousing & Distribution, Inc. 2022-06-22 - Buyout (LBO, MBO, MBI)
Edmonton, Alberta · www.porterwarehousing.com
Active Warehousing, Inc. 2022-06-22 - Buyout (LBO, MBO, MBI)
Edmonton, Alberta · www.activewarehousing.com
MTE Logistix 2022-05-18 - Buyout (LBO, MBO, MBI)
Edmonton, Alberta · www.mtelogistix.com
Treeline Well Services LP 2019-07-31 - Buyout (LBO, MBO, MBI)
Calgary, Alberta · www.treelinewell.com
Lakeside Pacific Forest Products Ltd. 2019-02-13 - Buyout (LBO, MBO, MBI)
Chilliwack, British Columbia
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Construction 3 (20%) - 3 (20%) -
Transportation 3 (20%) - 3 (20%) -
Consumer Services 1 (7%) 70M (100%) 1 (7%) 70M (100%)
Business Services 1 (7%) - 1 (7%) -
Environmental 1 (7%) - 1 (7%) -
Forest Products 1 (7%) - 1 (7%) -
Information Technology 1 (7%) - 1 (7%) -
Manufacturing 1 (7%) - 1 (7%) -
Oil/Gas Exploration 1 (7%) - 1 (7%) -
Renewable Energy 1 (7%) - 1 (7%) -
Utilities 1 (7%) - 1 (7%) -
Total 15 $70M 15 $70M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 15 (100%) 70M (100%) 15 (100%) 70M (100%)
  Alberta 9 (60%) - 9 (60%) -
  British Columbia 4 (27%) - 4 (27%) -
  New Brunswick 1 (7%) 70M (100%) 1 (7%) 70M (100%)
  Ontario 1 (7%) - 1 (7%) -
Total 15 $70M 15 $70M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 12 (80%) - 12 (80%) -
Growth Capital 2 (13%) - 2 (13%) -
Divestiture 1 (7%) 70M (100%) 1 (7%) 70M (100%)
Total 15 $70M 15 $70M

Deal Values

buy # Total
< $100M 1 $70M
TOTAL $70M
Largest Atlantic Retirement Group - Seniors Living Homes
$70M (2018-01-29)

M&A Connections

Deals
Acquired from
Strategic(s)
7%
1 (7%)

Investor Summary

Investor Type

Asset Manager

Size

Large

Established

2005

Specialist/Generalist

Specialist

Leadership

Russell Negus

Chairman & CEO

John Weiler

Hillcore Real Estate Investments, Managing Director & COO

Gene Gomes

Managing Director

Greg Tedesco

Managing Director & CFO

Michael Doner

Managing Director & COO

FAQ

When was Hillcore Group founded?

Hillcore Group was founded in 2005.

What type of investor is Hillcore Group?

Hillcore Group is an asset manager.

Where is Hillcore Group headquartered?

Hillcore Group is headquartered in Toronto, Ontario.

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