M&A Deal Summary

NAPEC Acquires Riggs Distler

On July 15, 2009, NAPEC acquired construction company Riggs Distler for 45M USD

Acquisition Highlights
  • This is NAPEC’s 1st transaction in the Construction sector.
  • This is NAPEC’s largest (disclosed) transaction.
  • This is NAPEC’s 1st transaction in the United States.
  • This is NAPEC’s 1st transaction in New Jersey.
Investment Fate
  • Riggs Distler was divested to a consortium of strategic buyers in 2021 for 855M USD.

M&A Deal Summary
Date 2009-07-15
Target Riggs Distler
Sector Construction
Buyer(s) NAPEC
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

Riggs Distler

Cherry Hill, New Jersey, United States
website
Riggs Distler is a provider of maintenance and construction services to the utility and heavy industrial markets. In the electric utility market, Riggs Distler performs both overhead and underground services including new construction, maintenance and upgrades, as well as emergency storm damage repair services. Riggs Distler was founded in 1909 and is based in Cherry Hill, New Jersey.

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Buyer(S) 1

Buyer

NAPEC

Drummondville, Quebec, Canada

website

Category Company
Sector Construction
Employees1,232
Revenue 344M CAD (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 B.G. High Voltage Systems

Scarborough, Ontario, Canada

B.G. High Voltage Systems Ltd. is a provider of electrical services located in Scarborough, Ontario. The letter of intent is subject to customary closing conditions.

Buy $3M
Mergr

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