M&A Deal Summary

Oaktree Capital Management Acquires NAPEC

On December 4, 2017, asset manager Oaktree Capital Management acquired construction company NAPEC for 320M USD

Acquisition Highlights
  • This is Oaktree Capital Management’s 6th transaction in the Construction sector.
  • This is Oaktree Capital Management’s 3rd largest (disclosed) transaction.
  • This is Oaktree Capital Management’s 3rd transaction in Canada.
  • This is Oaktree Capital Management’s 1st transaction in Quebec.

M&A Deal Summary
Date 2017-12-04
Target NAPEC
Sector Construction
Buyer(s) Oaktree Capital Management
Deal Type Going Private
Deal Value 320M USD
Advisor(s) National Bank Financial (Financial)
Stikeman Elliott (Legal)

Target

NAPEC

Drummondville, Quebec, Canada
NAPEC, Inc. is a company operating in the energy sector. The Corporation is a provider of construction and maintenance services to the public utility and heavy industrial markets, mainly in Québec, Ontario, and the eastern United States. NAPEC and its subsidiaries build and maintain electrical transmission and distribution systems and natural gas networks. The Corporation 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. The Corporation also offers environmental construction and road matting services.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 79 of 108
Sector (Construction) 6 of 7
Type (Going Private) 2 of 3
State (Quebec) 1 of 2
Country (Canada) 3 of 7
Year (2017) 6 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Zodiac Milpro

Paris, France

Zodiac Milpro engages in design and manufacture of very technical rigid-inflatable boats and inflatables for professionals with very high requirements (firemen, sea rescue, coast guards, drug enforcement, special forces, etc). Zodiac Milpro was founded in 1896 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 FCX Performance

Columbus, Ohio, United States

FCX Performance is a specialty process flow control distribution company, providing technical, mission critical products and value-added services to more than 15,000 end users, original equipment manufacturers and engineering and construction firms across the process, energy and high purity industries. FCX Performance was founded in 1999 and is based in Columbus, Ohio.

Sell $768M
Mergr

Product

Company

Legal