M&A Deal Summary

La Caisse and Fonds de solidarite FTQ Acquire Canam Group - Canadian Operations

On January 20, 2020, asset manager La Caisse and growth capital firm Fonds de solidarite FTQ acquired building materials company Canam Group - Canadian Operations from Canam

Acquisition Highlights
  • This is La Caisse’s 2nd and Fonds de solidarite FTQ’s 1st transaction in the Building Materials sector.
  • This is La Caisse’s 29th and Fonds de solidarite FTQ’s 4th transaction in Canada.
  • This is La Caisse’s 27th and Fonds de solidarite FTQ’s 4th transaction in Quebec.

M&A Deal Summary

Date 2020-01-20
Target Canam Group - Canadian Operations
Sector Building Materials
Buyer(s) La Caisse
Fonds de solidarite FTQ
Sellers(s) Canam
Deal Type Divestiture

Target

Canam Group - Canadian Operations

Quebec, Canada
Canam Group's Canadian Operations specializes in designing integrated solutions and fabricating customized products for the Canadian construction industry.

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Buyer(S) 2

Buyer

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 66 of 106
Sector: Building Materials M&A 2 of 3
Type: Divestiture M&A Deals 3 of 6
State: Quebec M&A 27 of 45
Country: Canada M&A 29 of 48
Year: 2020 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 IEX Exchange

New York City, New York, United States

IEX Exchange is a financial technology company that operates the securities exchange committed to serving all market participants on average more than $12B worth of shares trade on IEX Exchange every day. More recently, the company introduced its IEX Cloud business, which provides a new model for delivering high-quality financial data to business professionals and application developers at an affordable price. IEX Exchange is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 Plenary Americas

Los Angeles, California, United States

Plenary Americas is an investor, developer, and operator of public infrastructure in North America. The company specialized developer of long-term partnership projects, with a project portfolio of nearly CAD$20 billion across both Canada and the United States, including 36 projects in the health, transportation, defense, justice, education, and government accommodation sectors. Plenary Americas is based in Los Angeles, California.

Buy -
DESCRIPTION

Fonds de solidarité FTQ is a growth-oriented investor network and provider of funds focused on investing in and supporting small to mid-sized businesses throughout Quebec. The Firm looks will consider businesses in all sectors and seeks to be a long-term partner. Fonds de solidarité FTQ was founded in 1983 and is based in Montreal, Quebec.


DEAL STATS #
Overall 4 of 7
Sector: Building Materials M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Quebec M&A 4 of 7
Country: Canada M&A 4 of 7
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Solmax

Longueuil, Quebec, Canada

Solmax is a manufacturer of geomembranes liners and offers containment solutions. Manufactured from Canada, USA, Malaysia, and Chile the company's products are sold in over 60 countries. Solmax was founded in 1981 and is based in Longueuil, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 NuChem Sciences

Saint-Laurent, Quebec, Canada

NuChem Sciences offers a variety of services to support international biotech and pharmaceutical industries in their efforts to identify and optimize pre-clinical candidates in the area of small molecule drug discovery and early development. NuChem Sciences was formed in 2011 and is based in Saint-Laurent, Quebec.

Buy -

Seller(S) 1

SELLER

Canam

Point of Rocks, Maryland, United States

Category Company
Founded 1997
Sector Building Materials
Employees2,400
Revenue 1.7B USD (2021)
DESCRIPTION

Canam specializes in designing integrated solutions and fabricating customized products for the North American construction industry. Canam Group takes part in an average of 10,000 building, heavy steel and bridge projects, which can also include the supply of preconstruction and project management services. The Corporation operates 23 plants across North America and employs people in Canada. Canam was founded in 1997 and is based in Point of Rocks, Maryland.


DEAL STATS #
Overall 2 of 2
Sector: Building Materials M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Stonebridge

South Plainfield, New Jersey, United States

Stonebridge, Inc. is a steel erector that is located in South Plainfield, New Jersey, and a leader in the steel erection market in New York. Stonebridge has been specializing since 1995 in erecting structural steel components for complex commercial, institutional and industrial projects, mainly in metropolitan New York and in New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-30 Vescom Floor System

Point of Rocks, Maryland, United States

Vescom Floor System is a developer of an innovative composite floor system for multi-story structures. Vescom Floor System was founded in 1982 and is based in Point of Rocks, Maryland.

Buy -