M&A Deal Summary

Algoma Acquires EnCore Composite Structures

On December 22, 2017, Algoma acquired aerospace company EnCore Composite Structures from ENCORE Group

Acquisition Highlights
  • This is Algoma’s 1st transaction in the Aerospace sector.
  • This is Algoma’s 2nd transaction in the United States.
  • This is Algoma’s 1st transaction in California.

M&A Deal Summary

Date 2017-12-22
Target EnCore Composite Structures
Sector Aerospace
Buyer(s) Algoma
Sellers(s) ENCORE Group
Deal Type Divestiture
Advisor(s) Houlihan Capital (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

EnCore Composite Structures

Brea, California, United States
EnCore Composite Structures, Inc. is a designer and manufacturer of complex composite components and assemblies for the aerospace industry. EnCore Composite Structures is based in Brea, California.

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Buyer(S) 1

Buyer

Algoma

St. Catharines, Ontario, Canada

Category Company
Founded 1899
Sector Transportation
Employees1,600
Revenue 703M CAD (2024)
DESCRIPTION

Algoma is a provider of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry bulk carriers and product tankers. It also owns ocean self-unloading dry-bulk vessels operating in international markets. Algoma was founded in 1899 and is based in St. Catharines, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 American Steamship Co. - River-Class Vessels

Williamsville, New York, United States

American Steamship Co. - River-Class Vessels consists of Algoma Sault, Algoma Innovator, Algoma Buffalo and the Algoma Compass which provides transportation services.

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Seller(S) 1

SELLER

ENCORE Group

Huntington Beach, California, United States

Category Company
Founded 2011
Sector Aerospace
DESCRIPTION

The ENCORE Group Ltd. is a group of four dedicated aerospace companies, each with its own specific focus, working together to create superior products and unique customer experiences.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1