M&A Deal Summary

4Refuel Canada Acquires ComTech Energy

On September 14, 2021, 4Refuel Canada acquired manufacturer ComTech Energy from NorthSpring Capital Partners

Acquisition Highlights
  • This is 4Refuel Canada’s 1st transaction in the Manufacturing sector.
  • This is 4Refuel Canada’s 1st transaction in Canada.
  • This is 4Refuel Canada’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-09-14
Target ComTech Energy
Sector Manufacturing
Buyer(s) 4Refuel Canada
Sellers(s) NorthSpring Capital Partners
Deal Type Add-on Acquisition

Target

ComTech Energy

Milton, Ontario, Canada
ComTech Energy designs/build/maintains CNG fuelling infrastructure across Canada and has an in-house team of engineers, project managers, gas fitters, electricians and certified service technicians whose primary focus is customer satisfaction. ComTech Energy was founded in 2009 and is based in Milton, Ontario.

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Buyer(S) 1

Buyer

4Refuel Canada

Langley, British Columbia, Canada
Category Company
Founded 1995
Sector Energy Services and Equipment
DESCRIPTION

4Refuel Canada LP is a provider of mobile on-site refueling and fuel management services. 4Refuel pioneered the mobile on-site refueling industry in Canada and has built an unmatched market presence in Canada and the US. Headquartered in Toronto, 4Refuel provides service to a range of large and small clients in construction, transportation, oil & gas, power generation, and other industries. As the Canadian market leader, 4Refuel is the only national on-site fuel provider whose core business is direct-to-equipment on-site refueling. 4Refuel Canada was formed in 1995 and is based in Langley, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

NorthSpring Capital Partners

Cambridge, Ontario, Canada

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

NorthSpring Capital Partners is a provider of subordinated debt and equity capital to small businesses. The Firm takes minority positions and looks to invest $250k to $1 million to support management buyouts, acquisitions, growth needs, and in select special situations. NorthSpring generally targets 'local' business within a short drive of its office and will consider investing in a variety of industries including manufacturing, distribution and wholesale, business services, and technology. NorthSpring was formed in 2009 and is based in Cambridge, Ontario.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Ontario) 5 of 5
Country (Canada) 5 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Mesosil

Toronto, Ontario, Canada

Mesosil is developing the lifetime-effect antimicrobial materials for dental and medical devices. Mesosil was founded in 2018 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Rehabtronics

Edmonton, Alberta, Canada

Rehabtronics develops medical devices that restore function and improve the lives of people who are paralyzed or immobile. Rehabtronics was founded in 2003 and is based in Edmonton, Alberta.

Buy -
Mergr

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