Add-on Acquisition • Construction

NAPEC Acquires Riggs Distler

On July 15, 2009, NAPEC acquired construction company Riggs Distler for 45M USD

Acquisition Context

This is NAPEC’s 1st transaction in the Construction sector.
This is NAPEC’s largest (disclosed) transaction.
This is NAPEC’s 1st transaction in the United States.
This is NAPEC’s 1st transaction in New Jersey.

Investment Fate

Riggs Distler was divested to a consortium of strategic buyers in 2021 for 855M USD.

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M&A Deal Summary
Date	July 15, 2009
Target	Riggs Distler
Sector	Construction
Buyer(s)	NAPEC
Deal Type	Add-on Acquisition
Deal Value	45M USD

Target Company

Riggs Distler

Cherry Hill, New Jersey, United States

Riggs Distler is a provider of maintenance and construction services to the utility and heavy industrial markets. In the electric utility market, Riggs Distler performs both overhead and underground services including new construction, maintenance and upgrades, as well as emergency storm damage repair services. Riggs Distler was founded in 1909 and is based in Cherry Hill, New Jersey.

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Buyer Overview 1

Buyer

NAPEC

Drummondville, Quebec, Canada

Category	Company
Sector	Construction
Employees	1,232
Revenue	344M CAD (2015)

DESCRIPTION

NAPEC is a company operating in the energy sector. NAPEC is a provider of construction and maintenance services to the public utility and heavy industrial markets and the eastern United States. NAPEC and its subsidiaries build and maintain electrical transmission and distribution systems and natural gas networks. The Company also installs gas-powered and electric-powered heavy equipment for utilities, gas-fired industrial power plants, petrochemical facilities, and solar panel farms in North America. NAPECalso offers environmental construction and road matting services. NAPEC is based in Drummondville, Quebec.

Deal Context for Buyer	#
Overall	1 of 3
Sector: Construction	1 of 1
Type: Add-on Acquisition	1 of 3
State: New Jersey	1 of 1
Country: United States	1 of 2
Year: 2009	1 of 1
Size (of disclosed)	1 of 3

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2013-01-31	B.G. High Voltage Systems Scarborough, Ontario, Canada B.G. High Voltage Systems Ltd. is a provider of electrical services located in Scarborough, Ontario. The letter of intent is subject to customary closing conditions.	Buy	$3M

DATE

TARGET

DEAL TYPE

VALUE

2013-01-31

B.G. High Voltage Systems

Scarborough, Ontario, Canada

B.G. High Voltage Systems Ltd. is a provider of electrical services located in Scarborough, Ontario. The letter of intent is subject to customary closing conditions.

Buy

$3M

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