M&A Deal Summary

Hillcore Group Acquires Ruskin Construction

On July 12, 2023, asset manager Hillcore Group acquired construction company Ruskin Construction

Acquisition Highlights
  • This is Hillcore Group’s 3rd transaction in the Construction sector.
  • This is Hillcore Group’s 13th transaction in Canada.
  • This is Hillcore Group’s 4th transaction in British Columbia.

M&A Deal Summary
Date 2023-07-12
Target Ruskin Construction
Sector Construction
Buyer(s) Hillcore Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Ruskin Construction

Prince George, British Columbia, Canada
Ruskin Construction provides construction services to clients across North America. The company specializes in temporary resource bridges, as well as permanent and highway structures, a variety of foundation options, marine construction, railway refurbishment, aerial pipeline installation, and heavy civil construction. Ruskin Construction was formed in 1989 and is based in Prince George, British Columbia.

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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 13 of 15
Sector (Construction) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (British Columbia) 4 of 4
Country (Canada) 13 of 15
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-02 Thompson Construction Group

Spruce Grove, Alberta, Canada

Thompson Construction Group is a provider of heavy civil construction services focused on heavy civil earth moving, infrastructure construction, oil sands reclamation, plant construction, and workplace safety. Thompson Construction Group was founded in 1964 and is based in Spruce Grove, Alberta.

Buy -
FOLLOWING 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.

Buy -
Mergr

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