M&A Deal Summary

Signal Hill Equity Partners Acquires Romet

On June 24, 2013, private equity firm Signal Hill Equity Partners acquired electrical equipment company Romet

Acquisition Highlights
  • This is Signal Hill Equity Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Signal Hill Equity Partners’ 7th transaction in Canada.
  • This is Signal Hill Equity Partners’ 4th transaction in Ontario.

M&A Deal Summary

Date 2013-06-24
Target Romet
Sector Electrical Equipment
Buyer(s) Signal Hill Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Romet

Mississauga, Ontario, Canada
Romet is a customer-focused global manufacturer of rotary gas meters and electronic instrumentation. Romet develops innovative designs and utilize state-of-the-art technologies, while implementing high-quality manufacturing procedures and precise inspection control measures on all our products. Romet was founded in 1972 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Signal Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 300M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Signal Hill Equity Partners, Inc. (SHEP) is a Canadian investor in mid-sized companies. SHEP focuses on businesses led by strong management with the potential to improve financial performance, grow market share or lead industry consolidation. The Firm looks to invests between $10 and $30 million of equity investment; and an enterprise value of between $15 and $75 million. Areas of interests include manufacturing, distribution, consumer products and business services. Signal Hill Equity Partners, Inc. was formed in 2007 and is based in Toronto.


DEAL STATS #
Overall 7 of 10
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (Ontario) 4 of 4
Country (Canada) 7 of 9
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-06 Gesco

Brampton, Ontario, Canada

Gesco is a provider of proprietary branded products and programs across all flooring categories and geographies, predominantly to the independent retail flooring channel. Gesco was founded in 1938 and is based in Brampton, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 OEL Projects

Calgary, Alberta, Canada

OEL Projects Ltd. is an engineering, procurement and project management consulting firm serving the Oil & Gas industry.

Buy -