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  6. Fairfax Acquires Atlas

M&A Deal Summary

Fairfax Acquires Atlas

On November 1, 2022, Fairfax acquired business services company Atlas for 10.9B USD

Acquisition Highlights
  • This is Fairfax’s 1st transaction in the Business Services sector.
  • This is Fairfax’s largest (disclosed) transaction.
  • This is Fairfax’s 4th transaction in Canada.
  • This is Fairfax’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-11-01
Target Atlas
Sector Business Services
Buyer(s) Fairfax
Deal Type Add-on Acquisition
Deal Value 10.9B USD

Target

Atlas

Vancouver, British Columbia, Canada
Atlas is an asset manager that owns and operates the businesses in which it invests while focusing on deploying capital across multiple verticals. Atlas' wholly-owned subsidiaries, Seaspan and APR is an integrated platform in the global maritime and energy space respectively. Atlas was founded in 2019 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Fairfax

Toronto, Ontario, Canada
Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 28.4B USD (2024)
DESCRIPTION

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Ontario.

DEAL STATS #
Overall 13 of 14
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 10
State: British Columbia M&A 1 of 1
Country: Canada M&A 4 of 4
Year: 2022 M&A 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Recipe

Vaughan, Ontario, Canada

Recipe is a provider of full service restaurants. Recipe was founded in 1883 and is based in Vaughan, Vaughan.

Buy CA$1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Meadow Foods

Chester, United Kingdom

Meadow Foods is a dairy group and supplier of milk based dairy ingredients to the food industry. Meadow Foods was founded in 1992 and is based in Chester, United Kingdom.

Buy -
Mergr

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