M&A Deal Summary

The Heico Companies Acquires Shred-Tech

On August 16, 2019, family office The Heico Companies acquired machinery company Shred-Tech from CAI Capital Partners

Acquisition Highlights
  • This is The Heico Companies’ 2nd transaction in the Machinery sector.
  • This is The Heico Companies’ 1st transaction in Canada.
  • This is The Heico Companies’ 1st transaction in Ontario.

M&A Deal Summary

Date 2019-08-16
Target Shred-Tech
Sector Machinery
Buyer(s) The Heico Companies
Sellers(s) CAI Capital Partners
Deal Type Secondary Buyout

Target

Shred-Tech

Cambridge, Ontario, Canada
Shred-Tech specializes in engineering and manufacturing low-speed, high-torque recycling and waste handling and shredding equipment. Shred-Tech was founded in 1978 and is based in Cambridge, Ontario.

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Buyer(S) 1

Buyer

The Heico Companies

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 1979
Size Small
Type Sector Agnostic
DESCRIPTION

Heico Companies is a private investment firm focused on acquiring manufacturing, distribution and service businesses where the Firm believes that its management expertise can improve profitability. In addition to stable businesses, Heico has a special interest in distressed or special situations. Heico generally looks to acquire platform companies with at least $5 million in sales and will consider $5 to $15 million in EBITDA. Heico was formed in 1979 and is based in Chicago, Illinois.


DEAL STATS #
Overall 13 of 15
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-02 Astro Cargo Solutions

Cachoeirinha, Brazil

Astro Cargo Solutions manufactures and supplies cargo restraints and lifting products for the transport market. The company offers a full line ratchet straps, lifting slings and thermal bulkheads primarily to transport companies, distributors, and OEMs. Astro Cargo Solutions was founded in 1998 and is based in Cachoeirinha, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-20 Precision Engineering

Uxbridge, Massachusetts, United States

Precision Engineering is a Tier-1 advanced metalworking contract manufacturer in the critical industrial and aerospace/defense sectors. Serving global original equipment manufacturers (OEMs), Precision Engineering implements cutting-edge technologies with integrated automation and robotics to produce high-quality sheet metal enclosures. Precision Engineering was founded in 1988 and is based in Uxbridge, Massachusetts.

Buy -

Seller(S) 1

SELLER

CAI Capital Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 17 of 22
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Ontario) 5 of 6
Country (Canada) 8 of 11
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 GeoStabilization

Commerce City, Colorado, United States

GeoStabilization is a provider of complex geotechnical maintenance services for critical infrastructure across the U.S. and Canada. The company develops and implements innovative solutions that protect from dangers associated with geohazards that have either caused or have the potential to cause, catastrophic infrastructure failures and significant economic disruption. GeoStabilization was founded in 2002 and is based in Commerce City, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 CSAT Solutions

Houston, Texas, United States

CSAT Solutions is a provider of fully-integrated electronic and digital device diagnostics and repair solutions. CSAT serves diverse end markets such as consumer electronics, industrial equipment and components, and medical devices and equipment. CSAT Solutions wounded in 1987 and headquartered in Houston, Texas.

Sell -