M&A Deal Summary

Interfor Acquires Eacom

On November 23, 2021, Interfor acquired forest products company Eacom from Kelso for 490M CAD

Acquisition Highlights
  • This is Interfor’s 3rd transaction in the Forest Products sector.
  • This is Interfor’s largest (disclosed) transaction.
  • This is Interfor’s 1st transaction in Canada.
  • This is Interfor’s 1st transaction in Quebec.

M&A Deal Summary

Date 2021-11-23
Target Eacom
Sector Forest Products
Buyer(s) Interfor
Sellers(s) Kelso
Deal Type Add-on Acquisition
Deal Value 490M CAD

Target

Eacom

Montreal, Quebec, Canada
Eacom is a manufacturer, marketer, and distributor of lumber, wood chips, and wood-based value-added products, and the management of forest resources. Eacom owns eight sawmills, all located in Eastern Canada, and related tenures. Eacom was formed in 2008 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Interfor

Burnaby, British Columbia, Canada

Category Company
Founded 1963
Sector Forest Products
Employees5,390
Revenue 3.3B CAD (2023)
DESCRIPTION

Interfor is a growth-oriented forest products company with operations in Canada and the United States. Interfor has an annual production capacity of approximately 3.0 billion board feet and offers a diverse line of lumber products to customers around the world. Interfor was founded in 1963 and is based in Burnaby, British Columbia.


DEAL STATS #
Overall 3 of 5
Sector (Forest Products) 3 of 5
Type (Add-on Acquisition) 1 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 3
Year (2021) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Georgia-Pacific - Four US Sawmills

Atlanta, Georgia, United States

The Sawmill Operations have a combined annual lumber production capacity of 720 million board feet. The Bay Springs, Fayette, and Philomath sawmills are currently operating on a full-shifting basis.

Buy $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 GreenFirst Forest Products

Vancouver, British Columbia, Canada

GreenFirst Forest Products is a forest-first business, focused on environmentally sustainable forest management and lumber production. The company believes that sustainable forest planting and harvesting, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products. GreenFirst Forest Products is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 49 of 53
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 22 of 24
State (Quebec) 1 of 1
Country (Canada) 4 of 4
Year (2021) 5 of 5
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Newport

Walnut Creek, California, United States

Newport is an independent provider of retirement services in the U.S., with over one million employee participants and more than $160 billion in assets under administration. Newport's services include retirement plan recordkeeping and administration, insurance distribution, and consulting services related to retirement plans. Newport was founded in 1984 and is based in Walnut Creek, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 ReSource Pro

New York, New York, United States

ReSource Pro is a provider of outsourced business process management solutions within the property & casualty insurance market. The Company provides administrative services across the insurance policy lifecycle for brokers, managed general agents, carriers and third-party administrators. ReSource Pro was founded in 2003 and is based in New York.

Buy -