M&A Deal Summary

CDPQ and Fonds de solidarite FTQ Acquire Canam Group - Canadian Operations

On January 20, 2020, asset manager CDPQ and growth capital firm Fonds de solidarite FTQ acquired building materials company Canam Group - Canadian Operations from Canam

Acquisition Highlights
  • This is CDPQ’s 2nd and Fonds de solidarite FTQ’s 1st transaction in the Building Materials sector.
  • This is CDPQ’s 29th and Fonds de solidarite FTQ’s 4th transaction in Canada.
  • This is CDPQ’s 27th and Fonds de solidarite FTQ’s 4th transaction in Quebec.

M&A Deal Summary
Date 2020-01-20
Target Canam Group - Canadian Operations
Sector Building Materials
Buyer(s) CDPQ
Fonds de solidarite FTQ
Sellers(s) Canam
Deal Type Divestiture

Target

Canam Group - Canadian Operations

Quebec, Canada
Canam Group's Canadian Operations specializes in designing integrated solutions and fabricating customized products for the Canadian construction industry.

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Buyer(S) 2

Buyer

CDPQ

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 66 of 101
Sector (Building Materials) 2 of 3
Type (Divestiture) 3 of 5
State (Quebec) 27 of 44
Country (Canada) 29 of 47
Year (2020) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 IEX Group

New York, New York, United States

IEX Group is a financial technology company that operates the Investors’ Exchange LLC (“IEX Exchange”), a U.S. securities exchange committed to serving all market participants; on average more than $12B worth of shares trade on IEX Exchange every day. More recently, the company introduced its IEX Cloud business, which provides a new model for delivering high-quality financial data to business professionals and application developers at an affordable price. IEX Group is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Previan

Quebec, Quebec, Canada

Previan is an operator of a private industrial technology group focused on advanced diagnostic technologies to monitor the world’s infrastructure health. The Group serves asset owners, large engineering firms, and service companies globally in markets such as Aerospace, Civil Infrastructure, Energy, Mining, Power Generation, and Rail. Previan was founded in 2009 and is based in Quebec City.

Buy -
Buyer

Fonds de solidarite FTQ

Category Growth Capital Firm
Founded 1983
Size Small
Type Sector Agnostic
DESCRIPTION

Fonds de solidarité FTQ is a growth-oriented investor network and provider of funds focused on investing in and supporting small to mid-sized businesses throughout Quebec. The Firm looks will consider businesses in all sectors and seeks to be a long-term partner. Fonds de solidarité FTQ was founded in 1983 and is based in Montreal, Quebec.

DEAL STATS #
Overall 4 of 7
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 4 of 7
Country (Canada) 4 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Groupe Solmax

Varennes, Quebec, Canada

Groupe Solmax is a manufacturer of geomembranes liners and offers containment solutions. Manufactured from Canada, USA, Malaysia, and Chile the company's products are sold in over 60 countries. Solmax was formed in 1981 and is based in Varennes, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 NuChem Sciences

Saint-Laurent, Quebec, Canada

NuChem Sciences offers a variety of services to support international biotech and pharmaceutical industries in their efforts to identify and optimize pre-clinical candidates in the area of small molecule drug discovery and early development. NuChem Sciences was formed in 2011 and is based in Saint-Laurent, Quebec.

Buy -

Seller(S) 1

SELLER

Canam

Point of Rocks, Maryland, United States
Category Company
Founded 1997
Sector Building Materials
Employees2,400
Revenue 1.7B USD (2021)
DESCRIPTION

Canam specializes in designing integrated solutions and fabricating customized products for the North American construction industry. Each year, Canam Group takes part in an average of 10,000 building, heavy steel and bridge projects, which can also include the supply of preconstruction and project management services. The Corporation operates 23 plants across North America and employs people in Canada, the United States, Romania and India.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Stonebridge

South Plainfield, New Jersey, United States

Stonebridge, Inc. is a steel erector that is located in South Plainfield, New Jersey, and a leader in the steel erection market in New York. Stonebridge has been specializing since 1995 in erecting structural steel components for complex commercial, institutional and industrial projects, mainly in metropolitan New York and in New Jersey.

Buy -
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