M&A Deal Summary |
|
|---|---|
| Date | 2006-05-22 |
| Target | The Corix Group |
| Sector | Utilities |
| Buyer(s) |
CAI Capital Partners
Banyan Capital Partners |
| Sellers(s) | Kinder Morgan |
| Deal Type | Divestiture |
| Deal Value | 125M CAD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.6B CAD |
| Size | Large |
| Type | Sector Agnostic |
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 | 15 of 32 |
| Sector (Utilities) | 1 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (British Columbia) | 1 of 9 |
| Country (Canada) | 8 of 20 |
| Year (2006) | 2 of 3 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-08 |
Douglas Machine & Tool
Cincinnati, Ohio, United States Douglas Machine, based in Cincinnati, Ohio, was a leading manufacturer of industrial and aerospace gas turbine engine components. Widely considered to be the leading provider of drilling services to the turbine industry, Douglas Machine was named GE Power Systems' "Supplier of the Year" in 2002-2004. Its unique EDM process technology enables it to produce the lowest cost and highest quality precision components in the industry. An additional facility in Budapest, Hungary serves European customers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-23 |
GLM
Nisku, Alberta, Canada GLM is engaged in the mechanical design and custom fabrication of steel tanks, vessels and process equipment. GLM derives a large part of its revenues by fabricating storage tanks or vessels for crude oil and refined petroleum products. It also designs and fabricates silos for solids handling systems in the coal, sand, and cement industries. With over 300 employees, GLM has production facilities in Edmonton and Grande Prairie, Alberta, and in Battleford, Saskatchewan. |
Buy | - |
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 | 6 of 15 |
| Sector (Utilities) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (British Columbia) | 2 of 4 |
| Country (Canada) | 3 of 11 |
| Year (2006) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-01 |
Tartan
Calgary, Alberta, Canada Tartan's principle services are plant and facility construction, pipeline construction, oilfield maintenance, fabrication and plant maintenance. Tartan was founded in 1953 and is based in Calgary, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-21 |
DTI Dental Technologies
Dublin, California, United States DTI provides cosmetic dentistry designing and manufacturing custom dental prosthetics including crowns, bridges and orthodontic appliances. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Energy Services and Equipment |
| Employees | 10,891 |
| Revenue | 15.3B USD (2023) |
Kinder Morgan is an energy infrastructure company. Kinder Morgan owns an interest in or operates pipelines and terminals. The Company's pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Kinder Morgan also produces and transports CO2, which is utilized for enhanced oil recovery projects in North America. Kinder Morgan was formed in 1997 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 5 |
| Sector (Utilities) | 1 of 1 |
| Type (Divestiture) | 1 of 4 |
| State (British Columbia) | 1 of 2 |
| Country (Canada) | 1 of 3 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-17 |
Terasen International
Vancouver, British Columbia, Canada Terasen Gas serves approximately 900,000 customers or 95% of gas users in British Columbia. The Company owns and operates 44,100 kilometres of natural gas distribution pipelines and 4,300 kilometres of natural gas transmission pipelines. |
Sell | $3.7B |
