M&A Deal Summary

Mikisew Group Acquires JL Filtration

On July 6, 2023, Mikisew Group acquired machinery company JL Filtration from Altos Partners

Acquisition Highlights
  • This is Mikisew Group’s 1st transaction in the Machinery sector.
  • This is Mikisew Group’s 1st transaction in Canada.
  • This is Mikisew Group’s 1st transaction in Alberta.

M&A Deal Summary

Date 2023-07-06
Target JL Filtration
Sector Machinery
Buyer(s) Mikisew Group
Sellers(s) Altos Partners
Deal Type Add-on Acquisition

Target

JL Filtration

Leduc, Alberta, Canada
JL Filtration is an industrial fluids filtration manufacturing and services company that provides comprehensive solutions to the environmental compliance challenges of its customers across Canada. JL Filtration was founded in 1986 and is based in Leduc, Alberta.

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Buyer(S) 1

Buyer

Mikisew Group

Enoch, Alberta, Canada

Category Company
Sector Business Services
DESCRIPTION

Mikisew Group of Companies is the economic development arm of the Mikisew Cree First Nation. The Group is comprised of three main operating entities (wholly owned) with a workforce of about 600 people and 10 limited partnerships, majority owned, servicing the Alberta oil sands in various capacities. It also has interests in several private investments, including infrastructure and private equity. Mikisew Group is based in Enoch, Alberta.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Altos Partners is a private equity firm that looks to work in close partnership with lower middle-market companies. The Firm targets growth-oriented opportunities and seeks businesses with at least $2 million of EBITDA and up to $75 million of revenue. Altos Partners was formed in 2010 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Allied Underground

Bertram, Texas, United States

Allied Underground tackles complex infrastructure projects for clients across Central Texas. Its team of managers, superintendents, and skilled laborers focuses on underground water, wastewater, and storm sewer construction. Allied Underground was formed in 2012 and is based in Bertram, Texas.

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