M&A Deal Summary

SCM Insurance Services Acquires Granite Global Solutions

On August 24, 2014, SCM Insurance Services acquired insurance company Granite Global Solutions from Genstar Capital

Acquisition Highlights
  • This is SCM Insurance Services’ 1st transaction in the Insurance sector.
  • This is SCM Insurance Services’ 1st transaction in Canada.
  • This is SCM Insurance Services’ 1st transaction in Ontario.

M&A Deal Summary
Date 2014-08-24
Target Granite Global Solutions
Sector Insurance
Buyer(s) SCM Insurance Services
Sellers(s) Genstar Capital
Deal Type Add-on Acquisition

Target

Granite Global Solutions

Toronto, Ontario, Canada
Granite Global Solutions is a Canadian provider of risk mitigation services to insurance and corporate clients.

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Buyer(S) 1

Buyer

SCM Insurance Services

Edmonton, Alberta, Canada
Category Company
Founded 1986
Sector Insurance
Employees1,500
DESCRIPTION

SCM Insurance Services is a provider of claims adjusting, third-party adjusting (TPA), risk management, investigative, surveillance, risk mitigation, medical services, forensic engineering services, and risk intelligence. SCM Insurance Services was formed in 1986 and is based in Edmonton, Alberta.

DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2014) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-25 Rochon Engineering

Bolton, Ontario, Canada

Rochon Engineering is a forensic engineering and code consulting company serving clients across Canada. Rochons' team of experienced professionals specialize in fire investigation, structural/civil engineering, motor vehicle accident reconstruction, failure analysis of mechanical and electrical systems, environmental remediation, and mould remediation.

Buy -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 27 of 60
Sector (Insurance) 2 of 6
Type (Add-on Acquisition) 9 of 18
State (Ontario) 2 of 3
Country (Canada) 3 of 6
Year (2014) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Catalent

Somerset, New Jersey, United States

Catalent is a provider of solutions for drugs, biologics and consumer health products. Among its core offerings, it develops and manufactures oral and sterile medication in nearly all dosage forms, holds patents for softgel (e.g. “Liqui-Caps” and “Vegicaps”) and Zydis fast-dissolve technologies used in many popular prescription and over-the-counter medicine. Catalent was founded in 2007 and is based in Somerset, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 iSqFt

Cincinnati, Ohio, United States

iSqFt, Inc. (dba ConstructConnect) is a provider of cloud-based data, collaboration, and workflow automation solutions to the commercial construction industry.

Buy -
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