M&A Deal Summary

Namakor Holdings and Fonds de solidarite FTQ Acquire CMI

On January 23, 2024, private equity firm Namakor Holdings and growth capital firm Fonds de solidarite FTQ acquired machinery company CMI

Acquisition Highlights
  • This is Namakor Holdings’ 1st and Fonds de solidarite FTQ’s 1st transaction in the Machinery sector.
  • This is Namakor Holdings’ 5th and Fonds de solidarite FTQ’s 7th transaction in Canada.
  • This is Namakor Holdings’ 5th and Fonds de solidarite FTQ’s 7th transaction in Quebec.

M&A Deal Summary
Date 2024-01-23
Target CMI
Sector Machinery
Buyer(s) Namakor Holdings
Fonds de solidarite FTQ
Deal Type Buyout (LBO, MBO, MBI)

Target

CMI

Saint-Cyrille-De-Wendover, Quebec, Canada
CMI specializes in the manufacturing of tracked mulching tractors and stump grinders. CMI was formed in 2003 and is based in Saint-Cyrille-De-Wendover, Quebec.

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Buyer(S) 2

Buyer

Namakor Holdings

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Namakor Holdings is a private investment firm focused on acquiring and partnering with lower middle-market manufacturing companies. The Firm will consider opportunities throughout North America with strong growth prospects and up to $100 million in revenue. Namakor Holdings was established in 2015 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Quebec) 5 of 5
Country (Canada) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Clotures Frontenac

Terrebonne, Quebec, Canada

Clotures Frontenac is a manufacture of ornamental aluminum fences, aluminum railings and slats for "Frost" fences. Proud partner of fence contractors, landscapers, swimming pool contractors, and handymen, all our products are available for direct sale or through authorized distributors. Clotures Frontenac was founded in 1998 and is based in Terrebonne, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 Gelpac

Marieville, Quebec, Canada

Gelpac is a supplier of high-performance packaging solutions to the North American agrifood, pharmaceutical, chemical, and construction industries. Its multiwall paper bags and various polyethylene packaging products are designed to meet the exact specifications of each client and are manufactured on state-of-the-art production lines by seasoned teams that share a common passion, that of a job well done. Gelpac was founded in 1956 and is based in Marieville, Quebec.

Sell -
Buyer

Fonds de solidarite FTQ

Category Growth Capital Firm
Founded 1983
Size Small
Type Sector Agnostic
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 7 of 7
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Quebec) 7 of 7
Country (Canada) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 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.

Sell -
Mergr

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