M&A Deal Summary

PFM Capital Acquires Pines Power Sports Marine

On June 30, 2011, private equity firm PFM Capital acquired business services company Pines Power Sports Marine

Acquisition Highlights
  • This is PFM Capital’s 2nd transaction in the Business Services sector.
  • This is PFM Capital’s 8th transaction in Canada.
  • This is PFM Capital’s 6th transaction in Saskatchewan.

M&A Deal Summary

Date 2011-06-30
Target Pines Power Sports Marine
Sector Business Services
Buyer(s) PFM Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Pines Power Sports Marine

Prince Albert, Saskatchewan, Canada
Pines Power Sports Marine is a full-service BRP dealership specializing in the sales and maintenance of outdoor recreational vehicles. Pines Power Sports Marine was founded in 1978 and is based in Prince Albert, 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 8 of 22
Sector (Business Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 19
State (Saskatchewan) 6 of 12
Country (Canada) 8 of 21
Year (2011) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-19 Plains Environmental

Calgary, Alberta, Canada

Plains Environmental is an environmental waste management company specializing in the safe and responsible disposal of oilfield and industrial waste. The company operates the first Class 1A waste disposal facility in Saskatchewan. Each facility is licensed and approved by the Saskatchewan Ministry of Economy, meeting or exceeding all available regulations and best practices. Committed to protecting the environment, it ensures proper design, construction and operation of all facilities. Plains Environmental was formed in 1994 and is based in Calgary, Alberta.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-04 Hi-Tec

Regina, Saskatchewan, Canada

Hi-Tec is a steel-processing company that services agricultural and industrial equipment manufacturers. The company manufactures the material input for large agricultural implements, electrical transformers, and equipment used in potash mines and steel mills, as well as numerous miscellaneous items. Hi-Tec was formed in 1995 and is based in Regina, Saskatchewan.

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