M&A Deal Summary

Mosaic Capital Acquires Kendall’s Supply

On August 1, 2012, private equity firm Mosaic Capital acquired manufacturer Kendall’s Supply

Acquisition Highlights
  • This is Mosaic Capital’s 1st transaction in the Manufacturing sector.
  • This is Mosaic Capital’s 7th transaction in Canada.
  • This is Mosaic Capital’s 2nd transaction in Saskatchewan.

M&A Deal Summary

Date 2012-08-01
Target Kendall’s Supply
Sector Manufacturing
Buyer(s) Mosaic Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Kendall’s Supply

Estevan, Saskatchewan, Canada
Kendall’s Supply specializes in providing industrial products and services primarily focused on pipeline equipment, industrial coatings, corrosion protection, and maintenance supplies. Kendall’s Supply was founded in 1944 and is based in Estevan, Saskatchewan.

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Buyer(S) 1

Buyer

Mosaic Capital

Calgary, Alberta, Canada

Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Mosaic Capital is an investment group that acquires established businesses operating in niche markets. Areas of interest include the printing, oil and gas service, technology and real estate industries. Mosaic generally targets companies in Western Canada with cash flows of $3 - $10 million. Mosaic Capital Capital is based in Calgary.


DEAL STATS #
Overall 7 of 13
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 12
State (Saskatchewan) 2 of 3
Country (Canada) 7 of 13
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Ambassador Mechanical

Oak Bluff, Manitoba, Canada

Ambassador Mechanical is a mechanical contractor. Ambassador has serviced the Manitoba and South Western Ontario area since 1991 and has established itself as one of the leading and most reputable commercial and industrial mechanical contractors in the area. Ambassador provides mechanical equipment and installation services in areas ranging from plumbing and gas fitting to heating, ventilation and air conditioning. Ambassador employs over 130 tradespeople in the sheet metal, plumbing and hydronic piping divisions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-03 Industrial Scaffold Services

Crofton, British Columbia, Canada

Industrial Scaffold Services Ltd. is a provider of worksite surface and access scaffolding solutions to industrial and commercial customers in the energy & utilities, pulp & paper, mining and marine sectors in western Canada.

Buy $16M