M&A Deal Summary

Finning Acquires Kramer

On May 6, 2015, Finning acquired business services company Kramer for 230M USD

Acquisition Highlights
  • This is Finning’s 3rd transaction in the Business Services sector.
  • This is Finning’s 3rd largest (disclosed) transaction.
  • This is Finning’s 2nd transaction in Canada.
  • This is Finning’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2015-05-06
Target Kramer
Sector Business Services
Buyer(s) Finning
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

Kramer

Regina, Saskatchewan, Canada
Kramer Ltd. sells, rents and provides service to diverse market segments across the province. Company operates seven dealership operations in Regina, Saskatoon, Estevan, Swift Current, North Battleford, Kindersley and Tisdale, as well as rental locations in Regina and Saskatoon. Kramer serves customers in a range of industries, including construction, mining, oil and gas, forestry and agriculture, 160 highly-skilled, Caterpillar-trained heavy equipment technicians and 38 service trucks to provide service where and when customers need it.

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Buyer(S) 1

Buyer

Finning

Surrey, British Columbia, Canada
Category Company
Founded 1933
Sector Machinery
Employees13,188
Revenue 10.5B CAD (2023)
DESCRIPTION

Finning is the largest Caterpillar dealer operating in some of the most resource-rich territories in the world. Finning was founded in 1933 and is based in Surrey, Canada.

DEAL STATS #
Overall 8 of 11
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 6 of 9
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Caterpillar - Distribution Business

United Kingdom

Caterpillar - Distribution Business operates a construction, mining and agricultural machinery parts distribution center, includes facilities and inventory primarily in South America and Canada.

Buy $465M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 4Refuel Canada

Langley, British Columbia, Canada

4Refuel Canada LP is a provider of mobile on-site refueling and fuel management services. 4Refuel pioneered the mobile on-site refueling industry in Canada and has built an unmatched market presence in Canada and the US. Headquartered in Toronto, 4Refuel provides service to a range of large and small clients in construction, transportation, oil & gas, power generation, and other industries. As the Canadian market leader, 4Refuel is the only national on-site fuel provider whose core business is direct-to-equipment on-site refueling. 4Refuel Canada was formed in 1995 and is based in Langley, British Columbia.

Buy $260M
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