M&A Deal Summary

Hillcore Group Acquires Midlite Construction

On September 15, 2023, asset manager Hillcore Group acquired utilities company Midlite Construction

Acquisition Highlights
  • This is Hillcore Group’s 1st transaction in the Utilities sector.
  • This is Hillcore Group’s 15th transaction in Canada.
  • This is Hillcore Group’s 9th transaction in Alberta.

M&A Deal Summary
Date 2023-09-15
Target Midlite Construction
Sector Utilities
Buyer(s) Hillcore Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Midlite Construction

McMurray, Alberta, Canada
Midlite Construction specializes in powerline construction and maintenance across Alberta, the Yukon, the Northwest Territories, British Colombia, and Saskatchewan. From design, to procurement, construction, and maintenance, Midlite is a full-service, end-to-end EPC utility contractor. Midlite Construction was founded in 1989 and is based in McMurray, Alberta.

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Buyer(S) 1

Buyer

Hillcore Group

Toronto, Ontario, Canada
Category Asset Manager
Founded 2005
Size Large
Type Sector Focused
DESCRIPTION

Hillcore Group is a diversified Canadian investment and advisory firm. Hillcore operates through a variety of sector specific investment groups. These include life science, real estate, senior living, financial services, technology, industrial, energy, and agriculture. Hillcore will consider a variety of acquisition situations but generally prefers to partner with management in support of buyouts or buy-ins. Hillcore also considers shareholder liquidity situations. Hillcore Group was formed in 2005 and is based in Toronto.

DEAL STATS #
Overall 15 of 15
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Alberta) 9 of 9
Country (Canada) 15 of 15
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Whitewater

Calgary, Alberta, Canada

Whitewater is a provider of water management and environmental solutions for western Canadian energy producers. Whitewater provides industry and governments with customized industrial fluid management solutions including supply, transport, reuse and disposal. Whitewater was founded in 2008 and is based in Calgary, Alberta.

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