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  6. Finning Acquires Kramer

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
Employees15,279
Revenue 11.2B CAD (2024)
DESCRIPTION

Finning is an operator that sells, rents, and services caterpillar equipment and engines, along with related parts and performance solutions. Finning was founded in 1933 and is based in Surrey, Canada.

DEAL STATS #
Overall 8 of 11
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 9
State: Saskatchewan M&A 1 of 1
Country: Canada M&A 2 of 3
Year: 2015 M&A 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

Langley, British Columbia, Canada

4Refuel is a mobile on-site refueling (MOR) provider in Canada and Texas. The Company delivers approximately one billion liters of fuel annually to over 3,000 customers across rail, transportation & logistics, consumer goods, infrastructure, building products, and other critical industries. 4Refuel Canada was formed in 1995 and is based in Langley, British Columbia.

Buy $260M
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