M&A Deal Summary

Oldcastle Acquires Expocrete Concrete Products

On March 18, 2013, Oldcastle acquired building materials company Expocrete Concrete Products from Parallel49 Equity

Acquisition Highlights
  • This is Oldcastle’s 2nd transaction in the Building Materials sector.
  • This is Oldcastle’s 1st transaction in Canada.
  • This is Oldcastle’s 1st transaction in Alberta.

M&A Deal Summary
Date 2013-03-18
Target Expocrete Concrete Products
Sector Building Materials
Buyer(s) Oldcastle
Sellers(s) Parallel49 Equity
Deal Type Add-on Acquisition

Target

Expocrete Concrete Products

Acheson, Alberta, Canada
Expocrete Concrete Products Ltd. is a manufacturers of specialized, high-quality concrete products. Expocrete offers custom manufactures paving stones, stack stones, retaining walls, slabs, cornerstones, masonry blocks, concrete pipe, precast manholes, hollow core, wet cast, specialty precast and other products for the construction (residential, commercial and industrial), infrastructure (government and other), and agricultural markets.

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Buyer(S) 1

Buyer

Oldcastle

Atlanta, Georgia, United States
Category Company
Sector Building Materials
Employees2,082
DESCRIPTION

Oldcastle, Inc., together with its subsidiaries, engages in the production and supply of building materials in the United States.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 Oldcastle Glass Engineered Products

Terrell, Texas, United States

Oldcastle Glass Engineered Products, Inc. manufactures aluminum architectural products.

Buy $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Merchants Metals

Atlanta, Georgia, United States

Merchants Metals manufactures chain link and ornamental steel fences and fittings at five manufacturing facilities in Houston, Texas; Statesville, North Carolina; Harrison, Arkansas; New Paris, Indiana; and Mexicali, CP, Mexico.

Sell -

Seller(S) 1

SELLER

Parallel49 Equity

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Parallel49 Equity is a private equity firm that invests in mid-sized companies in Canada and the US. The Firm concentrates its investment efforts in the Western and Mid-western regions of both countries. Target businesses generally have enterprise values of $25 to $150 million and are profitable with $5 to $30 million of EBITDA. Parallel49 pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies. Broad areas of interest include manufacturing, service, and distribution. Parallel49 will not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors. Parallel49 was formerly known as Tricor Pacific Capital. The Firm has offices in Vancouver, British Columbia, and Chicago, Illinois.

DEAL STATS #
Overall 10 of 22
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 5 of 9
State (Alberta) 1 of 1
Country (Canada) 8 of 11
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-18 Avison Young

Toronto, Ontario, Canada

Avison Young is a full-service commercial real estate services company. Avison Young provides value-added, client-centric investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties. Avison Young was established in 1978 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Keyes Packaging Group

Wenatchee, Washington, United States

Keyes Packaging Group, Inc. is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes Packaging Group was founded in 1903 and is based in Wenatchee, Washington.

Sell -
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