M&A Deal Summary

CIEL Capital Acquires MTB Transit Solutions

On January 1, 2013, private equity firm CIEL Capital acquired automotive company MTB Transit Solutions

Acquisition Highlights
  • This is CIEL Capital’s 1st transaction in the Automotive sector.
  • This is CIEL Capital’s 2nd transaction in Canada.
  • This is CIEL Capital’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2013-01-01
Target MTB Transit Solutions
Sector Automotive
Buyer(s) CIEL Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

MTB Transit Solutions

Milton, Ontario, Canada
MTB Transit Solutions is a provider of Transit Bus and Highway Coach refurbishment and collision repair specialist. MTB Transit Solutions was founded in 1973 and is based in Milton, Ontario.

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Buyer(S) 1

DESCRIPTION

CIEL Capital is a family operated private equity firm that seeks majority investment in medium-sized niche businesses based in Canada. CIEL Capital is focused on successful companies with EBITDA of $3 to $20 million with proprietary, differentiated, or branded products and services. Industries of interest typically include business services, distribution, manufacturing, consumer products, software, and technology. Investment situations of interest include founders seeking liquidity, recapitalizations, management buyouts, and corporate divestitures. The Firm will not invest in hospitality, real estate, resource extraction, or start-up businesses. CIEL Capital was founded in 2012 and is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 8
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 6
State: Ontario M&A 2 of 8
Country: Canada M&A 2 of 8
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 CharityVillage

Milton, Ontario, Canada

CharityVillage is providing jobs and volunteer boards, eLearning courses, volunteer and event listings, webinars, newsletters, articles, tools and resources to the non-profit sector. CharityVillage was founded in 1995 and is based in Milton, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-19 HFI Pyrotechnics

Prescott, Ontario, Canada

HFI Pyrotechnics is a manufacturer of specialty pyrotechnic devices and training-simulation products, primarily serving defence, security, and search-and-rescue customers. The Company develops, engineers, and produces items such as smoke grenades, marine-location markers, training simulators, and signal devices, offering both design/engineering and full-scale manufacturing capabilities with ISO 9001 and ISO 14001 certified quality and environmental systems. HFI Pyrotechnics was founded in 1873 and is based in Prescott, Ontario.

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