M&A Deal Summary

Kairos Capital Management Acquires Pro-Fab

On June 23, 2021, private equity firm Kairos Capital Management acquired construction company Pro-Fab from Wynnchurch Capital

Acquisition Highlights
  • This is Kairos Capital Management’s 1st transaction in the Construction sector.
  • This is Kairos Capital Management’s 1st transaction in Canada.
  • This is Kairos Capital Management’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-06-23
Target Pro-Fab
Sector Construction
Buyer(s) Kairos Capital Management
Sellers(s) Wynnchurch Capital
Deal Type Secondary Buyout

Target

Pro-Fab

Saint-Apollinaire, Quebec, Canada
Pro-Fab is a manufacturer and distributor of high-quality modular homes in eastern Canada and the northeastern U.S. Pro-Fab has built a strong reputation and brand over the last 20 years and a leading market share in the modular home market in Quebec. Pro-Fab offers over 200 models and is fully integrated with a complete range of sales, design, manufacturing, and construction capabilities. The Company has a “direct distribution” model, selling directly to customers through its sales sites. Pro-Fab has strong brand recognition for superior quality and service and consistently surveys customers to ensure the highest quality. Pro-Fab is based in Saint-Apollinaire, Quebec.

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Buyer(S) 1

Buyer

Kairos Capital Management

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Kairos Capital Management is a private equity firm focused on acquiring and investing in mid-sized Canadian businesses. Kairos Capital Management was formed in 2020 and is based in Montreal.

DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Comprod

Orchard Park, New York, United States

Comprod is a designer, manufacturer, and supplier of fixed and mobile antennas, RF filters, and in-building DAS solutions. Established in Canada and the United States for 45 years, the company serves the public safety, public and government services, defense, telecommunications, and transportation sectors. Comprod is based in Orchard Park, New York.

Buy -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 23 of 36
Sector (Construction) 1 of 1
Type (Secondary Buyout) 10 of 17
State (Quebec) 1 of 1
Country (Canada) 3 of 6
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Northern Wholesale

Lino Lakes, Minnesota, United States

Northern Wholesale is a distributor of marine and RV accessories selling over 30,000 products to hundreds of customers throughout the United States. Northern Wholesale also maintains a proprietary products division (primarily comprised of its Extreme Max product line) to address unmet customer demand. Northern Wholesale was founded in 1984 and is based in Lino Lakes, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 Carson Air

Kelowna, British Columbia, Canada

Carson Air is a provider of fixed-wing air ambulance services. The company provides fixed-wing air ambulance services, air cargo services, and operates a flight school. Carson Air was founded in 1990 and is based in Kelowna, British Columbia.

Sell $61M
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