Add-on Acquisition • Franchising

Nors S.A. Acquires Strongco

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Nors S.A.

Porto, Portugal

Category	Company
Founded	1933
Sector	Franchising
Employees	3,600

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 Context for Buyer	#
Overall	1 of 1
Sector: Franchising	1 of 1
Type: Add-on Acquisition	1 of 1
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2020	1 of 1

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