M&A Deal Summary

Peak Renewables Acquires Canfor - Mackenzie Assets

On February 24, 2022, Peak Renewables acquired forest products company Canfor - Mackenzie Assets from Canfor for 70M USD

Acquisition Highlights
  • This is Peak Renewables’ 1st transaction in the Forest Products sector.
  • This is Peak Renewables’ largest (disclosed) transaction.
  • This is Peak Renewables’ 1st transaction in Canada.
  • This is Peak Renewables’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-02-24
Target Canfor - Mackenzie Assets
Sector Forest Products
Buyer(s) Peak Renewables
Sellers(s) Canfor
Deal Type Divestiture
Deal Value 70M USD

Target

Canfor - Mackenzie Assets

Vancouver, British Columbia, Canada
Canfor's Mackenzie Assets consists of Mackenzie site, plant and equipment. Canfor's Mackenzie Assets is based in Vancouver, British Columbia.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Peak Renewables

Vancouver, British Columbia, Canada
Category Company
Sector Forest Products
DESCRIPTION

Peak Renewables is a producer of innovative wood products including commercial wood pellets, OSB, lumber, and finger jointing. Peak Renewables is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Canfor

Vancouver, British Columbia, Canada
Category Company
Founded 1966
Sector Forest Products
Employees7,580
Revenue 5.4B CAD (2023)
DESCRIPTION

Canfor is a integrated forest products company based in Vancouver, British Columbia (BC) with operations in BC, Alberta, North and South Carolina and Alabama. Canfor produces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products. Canfor was founded in 1966 and is based in Vancouver, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Forest Products) 2 of 2
Type (Divestiture) 1 of 1
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Millar Western Forest Products - Solid Wood Operations

Edmonton, Alberta, Canada

Millar Western Forest Products' Solid Wood Operations assets consist of three well-capitalized operations including two sawmill complexes in Whitecourt and Fox Creek and the high-value, specialty Spruceland Millworks facility in Acheson that is dedicated to serving strategic markets and generates higher, more stable returns.

Buy $420M
Mergr

Product

Company

Legal