M&A Deal Summary

Kadant Acquires Carmanah Design & Manufacturing

On November 6, 2013, Kadant acquired machinery company Carmanah Design & Manufacturing from Birch Hill Equity Partners for 54M CAD

Acquisition Highlights
  • This is Kadant’s 1st transaction in the Machinery sector.
  • This is Kadant’s 6th largest (disclosed) transaction.
  • This is Kadant’s 1st transaction in Canada.
  • This is Kadant’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2013-11-06
Target Carmanah Design & Manufacturing
Sector Machinery
Buyer(s) Kadant
Sellers(s) Birch Hill Equity Partners
Deal Type Add-on Acquisition
Deal Value 54M CAD

Target

Carmanah Design & Manufacturing

Surrey, British Columbia, Canada
Carmanah Design and Manufacturing is the dominant global supplier of stranders and flakers, used in the production of oriented strand board, and is one of the leading suppliers of debarking equipment in North America.

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Buyer(S) 1

Buyer

Kadant

Westford, Massachusetts, United States
Category Company
Founded 1991
Sector Machinery
Employees3,100
Revenue 958M USD (2023)
DESCRIPTION

Kadant is a provider of rotary sealing devices, precision unions, and steam handling systems to process industries. The Company’s systems division specializes in the engineering, design, and supply of steam systems, controls, and related equipment used to manage steam and condensate flow. Kadant was founded in 1991 and is based in Westford, Massachusetts.

DEAL STATS #
Overall 1 of 9
Sector (Machinery) 1 of 3
Type (Add-on Acquisition) 1 of 8
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 6 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 NII FPG - Forest Products Business

United States

NII FPG Co. - Forest Products Business is a provider of sawmills for forest industry.

Buy $173M

Seller(S) 1

SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.

DEAL STATS #
Overall 21 of 37
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 7 of 17
State (British Columbia) 2 of 2
Country (Canada) 18 of 30
Year (2013) 2 of 2
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 Softchoice

Toronto, Ontario, Canada

Softchoice is a provider of IT solutions and managed services providers in North America. The company combines the efficiency and reliability of a national IT supplier with the personal touch and technical expertise of a local solutions provider. Softchoice was formed in 1989 and is based in Toronto, Ontario.

Buy $412M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Hi-Pro Feeds

Okotoks, Alberta, Canada

Hi-Pro Feeds, Inc. is a manufacturer of animal nutrition and feed products for the animal nutrition industry.

Sell -
Mergr

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