M&A Deal Summary

OAG Acquires Northern Lite

On September 21, 2022, OAG acquired automotive company Northern Lite from KV Capital

Acquisition Highlights
  • This is OAG’s 2nd transaction in the Automotive sector.
  • This is OAG’s 2nd transaction in Canada.
  • This is OAG’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-09-21
Target Northern Lite
Sector Automotive
Buyer(s) OAG
Sellers(s) KV Capital
Deal Type Add-on Acquisition

Target

Northern Lite

Kelowna, British Columbia, Canada
Northern Lite is a manufacturer of desirable high-end fiberglass truck campers, which are distributed throughout Canada and the United States via its well-established dealer network. Northern Lite was founded in 1989 and is based in Kelowna, British Columbia.

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Buyer(S) 1

Buyer

OAG

Kelowna, British Columbia, Canada
Category Company
Sector Automotive
DESCRIPTION

OAG is comprised of two recreational vehicle brands, including Northern Lite, a manufacturer of specialized fibreglass truck campers for all four seasons, and Off Grid, a designer and distributor of innovative, superior off-road trailers. Key distribution channels include a broad network of recreational vehicle dealerships across North America, and through a digital, direct-to-consumer model. OAG is based in Kelowna, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 Off Grid Trailers

Edmonton, Alberta, Canada

Off Grid Trailers is a manufacturer of the rugged off-road expedition and teardrop trailers, which have been sold throughout Canada and the United States. Off Grid Trailers was founded in 2016 and is based in Edmonton, Alberta.

Buy -

Seller(S) 1

SELLER

KV Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

KV Capital is a growth-oriented investment firm focused on investing in established, mid-sized, western Canadian companies with $5 to $100 million of revenue. The Firm targets profitable businesses operating in the consumer, retail, oilfield services, industrial, and manufacturing sectors. KV Capital was established in 2017 and is headquartered in Edmonton, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 Off Grid Trailers

Edmonton, Alberta, Canada

Off Grid Trailers is a manufacturer of the rugged off-road expedition and teardrop trailers, which have been sold throughout Canada and the United States. Off Grid Trailers was founded in 2016 and is based in Edmonton, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 MSD

Golden, British Columbia, Canada

MSD is a full-service distributor in the powersports industry. MSD exclusively distributes for several globally-recognized brands in the powersports, and avalanche safety industries, such as 509, TOBE Outerwear, FLY Racing, Sidi, and Mammut, covering a four-season spectrum from snowmobiling to summer moto sports. MSD is based in Golden, British Columbia.

Buy -
Mergr

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