M&A Deal Summary

Hillcore Group Acquires Porter Warehousing & Distribution

On June 22, 2022, asset manager Hillcore Group acquired transportation company Porter Warehousing & Distribution

Acquisition Highlights
  • This is Hillcore Group’s 3rd transaction in the Transportation sector.
  • This is Hillcore Group’s 10th transaction in Canada.
  • This is Hillcore Group’s 6th transaction in Alberta.

M&A Deal Summary
Date 2022-06-22
Target Porter Warehousing & Distribution
Sector Transportation
Buyer(s) Hillcore Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Porter Warehousing & Distribution

Edmonton, Alberta, Canada
Porter Warehousing & Distribution is a provider of competitive and comprehensive logistics and warehousing services. The company specializes in pick and pack order fulfillment, from small, hand-picked parts to large industrial products. Porter Warehousing & Distribution was founded in 1977 and is based in Edmonton, 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 10 of 15
Sector (Transportation) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 12
State (Alberta) 6 of 9
Country (Canada) 10 of 15
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Active Warehousing

Edmonton, Alberta, Canada

Active Warehousing offers a wide range of warehousing services including Third-Party (3PL) and Contract Logistics. Active Warehousing specializes in serving in the Forestry sector, handling lumber, panels, pulp and paper, Energy, Oil & Gas, and Industrial sectors. Active Warehousing was founded in 2004 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-17 Zanron Mechanical Services

Kitimat, British Columbia, Canada

Zanron Mechanical Services is a provider of fabrication and construction services to the two large industrial operators in the area: Canada LNG and the Rio Tinto aluminum plant. The company specializes in all aspects of project management, design and engineering, structural steel detailing, machining, metal fabrication and painting, sheet metal and HVAC, Gas & Pipe Fitting, Site Installation and Maintenance Support. Zanron Mechanical Services was founded in 1985 and is based in Kitimat, British Columbia.

Buy -
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