M&A Deal Summary

Hillcore Group Acquires Thompson Construction Group

On June 2, 2023, asset manager Hillcore Group acquired construction company Thompson Construction Group

Acquisition Highlights
  • This is Hillcore Group’s 2nd transaction in the Construction sector.
  • This is Hillcore Group’s 12th transaction in Canada.
  • This is Hillcore Group’s 7th transaction in Alberta.

M&A Deal Summary
Date 2023-06-02
Target Thompson Construction Group
Sector Construction
Buyer(s) Hillcore Group
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 12 of 15
Sector (Construction) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Alberta) 7 of 9
Country (Canada) 12 of 15
Year (2023) 2 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 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.

Buy -
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