M&A Deal Summary

EQT and OMERS Private Equity Acquire Trescal

On November 28, 2022, private equity firms EQT and OMERS Private Equity acquired test/measurement equipment company Trescal from OMERS Private Equity

Acquisition Highlights
  • This is EQT’s 2nd and OMERS Private Equity’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is EQT’s 5th and OMERS Private Equity’s 2nd transaction in France.

M&A Deal Summary

Date 2022-11-28
Target Trescal
Sector Test/Measurement Equipment
Buyer(s) EQT
OMERS Private Equity
Sellers(s) OMERS Private Equity
Deal Type Secondary Buyout

Target

Trescal

Rungis, France
Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 276 of 317
Sector (Test/Measurement Equipment) 2 of 2
Type (Secondary Buyout) 81 of 97
Country (France) 5 of 6
Year (2022) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 Certara

Princeton, New Jersey, United States

Certara engages in model-informed drug development and regulatory science, focused on optimizing drug development and improving health outcomes. Certara was founded in 2008 and is headquartered in Princeton, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Madison Energy Infrastructure

New York, New York, United States

Madison Energy Infrastructure is a platform that develops, owns, and operates distributed generation projects within the commercial and industrial (C&I) and small utility-scale sectors. Madison Energy Infrastructure is based in New York City.

Buy -
Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 54 of 56
Sector (Test/Measurement Equipment) 2 of 2
Type (Secondary Buyout) 33 of 34
Country (France) 2 of 2
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Pueblo Mechanical & Controls

Phoenix, Arizona, United States

Pueblo Mechanical & Controls is a provider of full spectrum of HVAC replacement, retrofit and repair services primarily for facilities in education, municipal, and healthcare end markets throughout Arizona. Company have continued to perform exceptional HVAC service and installation for school districts, governmental agencies, municipalities, and private firms. Pueblo Mechanical & Controls was founded in 2001 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Knight Commercial

Dallas, Texas, United States

Knight Commercial provides restoration, construction, and roofing services to a broad set of commercial customers across industrial, multifamily, office, hospitality, and government end markets. Knight Commercial was founded in 2001 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 28 of 29
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 14 of 15
Country (France) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Pueblo Mechanical & Controls

Phoenix, Arizona, United States

Pueblo Mechanical & Controls is a provider of full spectrum of HVAC replacement, retrofit and repair services primarily for facilities in education, municipal, and healthcare end markets throughout Arizona. Company have continued to perform exceptional HVAC service and installation for school districts, governmental agencies, municipalities, and private firms. Pueblo Mechanical & Controls was founded in 2001 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Knight Commercial

Dallas, Texas, United States

Knight Commercial provides restoration, construction, and roofing services to a broad set of commercial customers across industrial, multifamily, office, hospitality, and government end markets. Knight Commercial was founded in 2001 and is based in Dallas, Texas.

Buy -