M&A Deal Summary

Banyan Capital Partners Acquires Newcrete

On June 3, 2014, private equity firm Banyan Capital Partners acquired construction company Newcrete

Acquisition Highlights
  • This is Banyan Capital Partners’ 1st transaction in the Construction sector.
  • This is Banyan Capital Partners’ 8th transaction in Canada.
  • This is Banyan Capital Partners’ 1st transaction in Newfoundland.

M&A Deal Summary
Date 2014-06-03
Target Newcrete
Sector Construction
Buyer(s) Banyan Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Newcrete

St. John's, Newfoundland, Canada
Newcrete is a producer and supplier of ready-mix and precast concrete and masonry products for the Newfoundland and Labrador construction industry. Newcrete is based in St. John's, Newfoundland.

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Buyer(S) 1

Buyer

Banyan Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.

DEAL STATS #
Overall 12 of 15
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Newfoundland) 1 of 1
Country (Canada) 8 of 11
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Q Max Solutions

Calgary, Alberta, Canada

Q'Max Solutions is an independent oilfield services company focused on providing drilling fluids and solids control services to national and independent oil companies. Q'Max Solutions was formed in 1993 and is based in Calgary, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Shanahan’s

Surrey, British Columbia, Canada

Shanahan’s is a distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. The Company is also the exclusive Canadian distributor of ABUS security products and other third-party hardware, industrial/wood doors, and washroom accessories through its Hardware Agencies and Serrubec brands.

Sell -
Mergr

Product

Company

Legal