M&A Deal Summary

Propak Acquires Innovative Steam Technologies

On July 2, 2018, Propak acquired electrical equipment company Innovative Steam Technologies from Deloitte & Touche

Acquisition Highlights
  • This is Propak’s 1st transaction in the Electrical Equipment sector.
  • This is Propak’s 1st transaction in Canada.
  • This is Propak’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-07-02
Target Innovative Steam Technologies
Sector Electrical Equipment
Buyer(s) Propak
Sellers(s) Deloitte & Touche
Deal Type Divestiture

Target

Innovative Steam Technologies

Cambridge, Ontario, Canada
Innovative Steam Technologies provides in the design, engineer, manufacture and installs proprietary heat recovery steam generators for power generation and enhanced oil recovery applications. Innovative Steam Technologies was founded in 1992 and is based in Cambridge, Ontario.

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Buyer(S) 1

Buyer

Propak

Airdrie, Alberta, Canada
Category Company
Founded 1976
Sector Engineering
DESCRIPTION

Propak provides engineering and design firm with comprehensive energy processing experience and an international network of multi-disciplinary engineering, technical and business professionals. Propak was founded in 1976 and is based in Airdrie, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Deloitte & Touche

New York, New York, United States
Category Company
Founded 1845
Sector Business Services
Employees225,000
Revenue 35.2B USD (2015)
DESCRIPTION

Deloitte & Touche LLP is a business services company. The Firm offers audit, IT, accounting, consulting, financial advisory, tax and other services to medium-sized and large companies worldwide. Deloitte & Touche was formed in 1845 and is based in New York City.

DEAL STATS #
Overall 2 of 8
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 7
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 API Talent

Wellington, New Zealand

API Talent Ltd. is an AWS service provider. API Talent provides end-to-end solutions for cloud native application development, architecture, and cloud strategy. API Talent Ltd. was founded in 2014 and is based in Wellington, New Zealand.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-27 QSpace

Chalfont, Pennsylvania, United States

QSpace is a VLMS that is designed to address IT quality and compliance, computerized system validation and Good X Practice requirements by digitizing the end-to-end validation process for IT systems in life sciences companies subject to U.S. and global regulatory requirements. Unlike many other solutions, QSpace integrates a number of aspects of IT quality and compliance within a single risk-based platform customized for life sciences organizations. It uses lean processes and system-induced controls to help reduce human errors and create greater enterprise-wide collaboration opportunities. QSpace’s powerful analytics provide near real-time insights into critical performance indicators across the validation lifecycle, creating greater efficiencies that can help reduce compliance costs.

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