Merger • Energy Services and Equipment

Skyway Canada Acquires Apache Industrial Services

On February 1, 2017, Skyway Canada acquired energy services and equipment company Apache Industrial Services from MML Capital Partners and Tuckerman Capital

Acquisition Context
  • This is Skyway Canada’s 1st transaction in the Energy Services and Equipment sector.
  • This is Skyway Canada’s 1st transaction in the United States.
  • This is Skyway Canada’s 1st transaction in Texas.

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M&A Deal Summary

Date February 1, 2017
Target Apache Industrial Services
Sector Energy Services and Equipment
Buyer(s) Skyway Canada
Sellers(s) MML Capital Partners
Tuckerman Capital
Deal Type Merger
Advisor(s) Harris Williams (Financial)

Target Company

Apache Industrial Services

Houston, Texas, United States
Apache Industrial Services provides a wide range of industrial services primarily to the energy sector. Services include various industrial coating applications and solutions, fireproofing, metalizing, insulation, scaffolding, power and petrochemical plant maintenance and tank/pipe painting and lining. Apache Industrial Services was founded in 1996 and is based in Houston, Texas.
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Buyer Overview 1

Buyer

Skyway Canada

Toronto, Ontario, Canada

Category Company
Founded 1967
Sector Construction
DESCRIPTION

Skyway Canada provides scaffolding and shoring solutions to commercial and industrial construction projects in Canada. Skyway Canada was founded in 1967 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Merger 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

Seller Profiles 2

SELLER

MML Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €3.1 billion across 11 countries. MML Capital Partners was formed in 1988 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 19 of 39
Sector: Energy Services and Equipment 2 of 3
Type: Merger 1 of 1
State: Texas 2 of 3
Country: United States 6 of 9
Year: 2017 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Optionis Group

Warrington, United Kingdom

Optionis Group Ltd. is a provider of an accounting, payroll, tax and professional employment solutions to the flexible workforce through a multi-brand strategy which includes ClearSky Contractor Accounting, Parasol, ClearSky Business and Brian Alfred.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Global Packaging Services

Villenave d’Ornon, France

Global Packaging Services is specialized in industrial packaging logistics, used for the transport of viscous or liquid materials such as natural and synthetic rubber as well as food products. GPS provides a complete and outsourced lease concept for reusable metal crates, including delivery, maintenance, and logistics at producer's plants. Global Packaging Services was founded in 1994 and is based in Villenave d’Ornon, France.

Buy -
SELLER

Tuckerman Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a special interest in businesses that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital was founded in 2001 and is based in Hanover, New Hampshire.


Deal Context for Seller #
Overall 8 of 14
Sector: Energy Services and Equipment 1 of 1
Type: Merger 1 of 1
State: Texas 1 of 3
Country: United States 8 of 14
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Freedom Communication Technologies

Kilgore, Texas, United States

Freedom Communication Technologies, Inc. is a engineering, developing and manufacturing communication test equipment company involved in Land Mobile Radio test equipment market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Dauntless Air

Appleton, Minnesota, United States

Dauntless Air is an aerial firefighting company dedicated to protecting people, land, and property, working alongside ground crews and aerial teams to combat wildfires. Dauntless Air was founded in 1996 and is based in Appleton, Minnesota.

Buy -