M&A Deal Summary

Orica Acquires Terra Insights

On December 19, 2023, Orica acquired information technology company Terra Insights from Vance Street Capital for 505M CAD

Acquisition Highlights
  • This is Orica’s 1st transaction in the Information Technology sector.
  • This is Orica’s 3rd largest (disclosed) transaction.
  • This is Orica’s 1st transaction in Canada.
  • This is Orica’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2023-12-19
Target Terra Insights
Sector Information Technology
Buyer(s) Orica
Sellers(s) Vance Street Capital
Deal Type Add-on Acquisition
Deal Value 505M CAD
Advisor(s) Lazard Ltd. (Financial)
O'Melveny & Myers
Davies Ward Phillips & Vineberg LLP (Legal)

Target

Terra Insights

Maple Ridge, British Columbia, Canada
website
Terra Insights is a global end-to-end sensor and data delivery technology platform, providing geotechnical, structural and geospatial monitoring of critical assets in mining and infrastructure. Terra Insights is based in Maple Ridge, British Columbia.

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Buyer(S) 1

Buyer

Orica

East Melbourne, Australia

website


Category Company
Founded 1874
Sector Chemicals
Employees13,000
Revenue 5.6B AUD (2020)
DESCRIPTION

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets, the provider in the provision of ground support in mining and tunneling, and is a supplier of sodium cyanide for gold extraction. Orica was founded in 1874 and is based in East Melbourne, Australia.


DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-12 Minova

Addlestone, United Kingdom

Minova is a global manufacturer and supplier of securing and solidifying agents for mining and infrastructure customers, supplying both steel products (anchors, steel mesh, etc.) as well as chemical products (resins) and making it one of the top 3 in all relevant markets heard. Minova was founded in 1882 and is based in Addlestone, United Kingdom.

Sell €114M

Seller(S) 1

SELLER

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Vance Street Capital is a private equity firm focused exclusively on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical products sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is located in Los Angeles, California.


DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Tempest Aero Group

Burlington, North Carolina, United States

Tempest Aero Group is engaged in manufacturing ignition, filtration, pneumatic components, instrumentation sensors, fuel systems components, and other specialty tools. Tempest Aero Group is based in Burlington, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Keltec Technolab

Twinsburg, Ohio, United States

Keltec specializes in designing, developing, and manufacturing an extensive array of filtration solutions for compressed air solutions across various industries, including general industrial, pharmaceutical, aerospace, and many others. Keltec Technolab is based in Twinsburg, Ohio.

Buy -