M&A Deal Summary

Riverside Acquires Plasti-Fab

On November 4, 2021, private equity firm Riverside acquired building materials company Plasti-Fab for 178M USD

Acquisition Highlights
  • This is Riverside’s 9th transaction in the Building Materials sector.
  • This is Riverside’s 2nd largest (disclosed) transaction.
  • This is Riverside’s 7th transaction in Canada.
  • This is Riverside’s 1st transaction in Alberta.
Investment Fate
  • Plasti-Fab was sold to a publicly-traded strategic buyer in 2024 for 260M USD.

M&A Deal Summary

Date 2021-11-04
Target Plasti-Fab
Sector Building Materials
Buyer(s) Riverside
Deal Type Going Private
Deal Value 178M USD
Advisor(s) Intrepid Investment Bankers (Financial)
Burnet, Duckworth & Palmer (Legal)

Target

Plasti-Fab

Calgary, Alberta, Canada
Plasti-Fab manufactures insulating building products and technologies that enable residential and commercial structures to be energy-efficient when used as components of a building envelope. Plasti-Fab was founded in 1968 and is headquartered in Calgary, Alberta.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 267 of 295
Sector: Building Materials M&A 9 of 9
Type: Going Private M&A Deals 2 of 2
State: Alberta M&A 1 of 1
Country: Canada M&A 7 of 8
Year: 2021 M&A 11 of 14
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Actineo

Cologne, Germany

Actineo specializes in bodily injury claims, providing tech-enabled and data-driven services to the insurance industry. The Company processes and digitalizes more than 120,000 bodily injury claims per year and develops prediction models for a customer base of more than 50 insurers. Customers benefit from increased transparency, control, and better risk management. Actineo was founded in 2009 and is based in Cologne, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Avance Clinical

Firle, Australia

Avance Clinical is a Contract Research Organization (CRO) for international biotechs. CRO has been delivering clinical drug development services for international biotechs for FDA and EMA regulatory approval, for the past 24 years. Avance Clinical was founded in 2019 and is based in Firle, Australia.

Buy -