Buyout (LBO, MBO, MBI) • Business Services

Hillcore Group Acquires Zanron Mechanical Services

On March 17, 2023, asset manager Hillcore Group acquired business services company Zanron Mechanical Services

Acquisition Context
  • This is Hillcore Group’s 1st transaction in the Business Services sector.
  • This is Hillcore Group’s 11th transaction in Canada.
  • This is Hillcore Group’s 3rd transaction in British Columbia.

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M&A Deal Summary

Date March 17, 2023
Target Zanron Mechanical Services
Sector Business Services
Buyer(s) Hillcore Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 11 of 16
Sector: Business Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 8 of 12
State: British Columbia 3 of 4
Country: Canada 11 of 16
Year: 2023 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 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.

Buy -
FOLLOWING 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 -