M&A Deal Summary

Pure Technologies Acquires The Pressure Pipe Inspection

On August 13, 2010, Pure Technologies acquired construction company The Pressure Pipe Inspection for 35M CAD

Acquisition Highlights
  • This is Pure Technologies’ 1st transaction in the Construction sector.
  • This is Pure Technologies’ 0th largest (disclosed) transaction.
  • This is Pure Technologies’ 1st transaction in Canada.
  • This is Pure Technologies’ 1st transaction in Ontario.

M&A Deal Summary
Date 2010-08-13
Target The Pressure Pipe Inspection
Sector Construction
Buyer(s) Pure Technologies
Deal Type Add-on Acquisition
Deal Value 35M CAD
Advisor(s) DecisionPoint Advisors (Financial)
Heenan Blaikie LLP (Legal)

Target

The Pressure Pipe Inspection

Mississauga, Ontario, Canada
PPIC, a privately-held company with headquarters in Mississauga, Ontario, is a recognized provider of large-diameter water and wastewater pipeline condition assessment. PPIC was founded in 1997 to commercialize RFEC/TC, an electromagnetic inspection technology for prestressed concrete pipes developed by David Atherton, Professor of Physics at Queen’s University, Kingston, Ontario.

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Buyer(S) 1

Buyer

Pure Technologies

Calgary, Alberta, Canada
Category Company
Founded 1993
Sector Information Technology
Employees500
Revenue 126M CAD (2017)
DESCRIPTION

Pure Technologies Ltd. is a developer and application of innovative technologies for inspection, monitoring and management of physical infrastructure. From monitoring the health of large bridges to pipeline inspection, our technologies and expertise are being used around the world to help manage deterioration and reduce loss.

DEAL STATS #
Overall 2 of 3
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 Price Brothers

Oxfordshire, United Kingdom

Price Brothers (UK) Ltd. is a manufacturer of prestressed concrete cylinder pipes and provides engineering services to the water industry

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Wachs Valve and Hydrant Services

Buffalo Grove, Illinois, United States

Wachs Valve and Hydrant Services LLC (dba Wachs Water Services) is a provider of flow control maintenance and support, leak detection, and related asset management services to the water sector in the United States.

Buy $19M
Mergr

Product

Company

Legal