M&A Deal Summary

PFM Capital Acquires Foundation Developments

On June 1, 2017, private equity firm PFM Capital acquired real estate company Foundation Developments

Acquisition Highlights
  • This is PFM Capital’s 4th transaction in the Real Estate sector.
  • This is PFM Capital’s 25th transaction in Canada.
  • This is PFM Capital’s 13th transaction in Saskatchewan.

M&A Deal Summary
Date 2017-06-01
Target Foundation Developments
Sector Real Estate
Buyer(s) PFM Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Foundation Developments

Regina, Saskatchewan, Canada
Foundation Developments consists of a portfolio of commercial buildings located in Regina. The buildings have a low vacancy rate and are secured with long-term leases by high quality tenants. Foundation Developments is based in Regina, Saskatchewan.

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Buyer(S) 1

Buyer

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.1B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $25 million per transaction. PFM was formed in 1989 and has been investing since 1993. PFM Capital is based in Regina, Saskatchewan.

DEAL STATS #
Overall 26 of 40
Sector (Real Estate) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 21 of 23
State (Saskatchewan) 13 of 20
Country (Canada) 25 of 38
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CORE Linepipe

Calgary, Alberta, Canada

CORE Linepipe is a manufacturing and service company that specializes in the development, manufacturing and installation of a proprietary corrosion resistant pipeline system. CORE Linepipe is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Stampede Drilling

Estevan, Saskatchewan, Canada

Stampede Drilling Ltd. is a private corporation which owns 3 heavy telescopic double drilling rigs in the Weyburn/Estevan area of southeast Saskatchewan. The goal of Stampede Drilling is to provide the safest and most efficient drilling services in Southeast Saskatchewan. Advanced technology and experienced field staff provide the foundation for Stampede Drilling to be a leader in reliable drilling services.

Sell -
Mergr

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