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M&A Deal Summary

Nors S.A. Acquires Strongco

On January 24, 2020, Nors S.A. acquired franchising company Strongco for 193M CAD

Acquisition Highlights
  • This is Nors S.A.’s 1st transaction in the Franchising sector.
  • This is Nors S.A.’s 0th largest (disclosed) transaction.
  • This is Nors S.A.’s 1st transaction in Canada.
  • This is Nors S.A.’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-01-24
Target Strongco
Sector Franchising
Buyer(s) Nors S.A.
Deal Type Add-on Acquisition
Deal Value 193M CAD
Advisor(s) Dentons (Legal)

Target

Strongco

Mississauga, Ontario, Canada
Strongco Corp. is a mobile equipment dealer with operations across Canada. The company sells rents, and services equipment used in diverse sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management, and forestry. Strongco is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Nors S.A.

Porto, Portugal
Category Company
Founded 1933
Sector Franchising
Employees3,600
DESCRIPTION

Nors S.A. sells, rents and services construction, infrastructure, mining and forestry equipment, trucks, busses, cars and marine and industrial engines in 16 countries in four continents: Portugal, Spain, Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Turkey, Brazil, Angola, Mozambique, Botswana, Namibia, Mexico and the USA.

DEAL STATS #
Overall 1 of 1
Sector: Franchising M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
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