M&A Deal Summary

Stern Partners Acquires Port Hawkesbury Paper

On January 4, 2012, private equity firm Stern Partners acquired forest products company Port Hawkesbury Paper

Acquisition Highlights
  • This is Stern Partners’ 3rd transaction in the Forest Products sector.
  • This is Stern Partners’ 6th transaction in Canada.
  • This is Stern Partners’ 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2012-01-04
Target Port Hawkesbury Paper
Sector Forest Products
Buyer(s) Stern Partners
Deal Type Special Situations/Distressed

Target

Port Hawkesbury Paper

Port Hawkesbury, Nova Scotia, Canada
Port Hawkesbury Paper produces high quality supercalendered (SC) paper for use in retail inserts, magazines and catalogs. Modern equipment, in combination with effective management and a highly skilled workforce, make the mill one of the premier paper manufacturers in the world. In addition to its SC machine, the mill has three thermomechanical pulp (TMP) lines. Port Hawkesbury Paper is based in Port Hawkesbury, Nova Scotia.

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Buyer(S) 1

Buyer

Stern Partners

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Stern Partners is a diversified holding and investment firm focused on opportunities in Canada and the Western US. The Firm does not have any sector preferences but has experience in manufacturing, publishing, distribution, retail, and services. Stern will consider investing in a variety of securities, including equity, convertible securities, debentures, mezzanine and other investments. Prospective transaction situations include recapitalizations, divestitures, growth capital financings, special situations, take privates, and buyouts. Stern Partners is based in Vancouver, British Columbia.

DEAL STATS #
Overall 7 of 15
Sector (Forest Products) 3 of 3
Type (Special Situations/Distressed) 1 of 1
State (Nova Scotia) 1 of 1
Country (Canada) 6 of 14
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 TerraLink Horticulture

Abbotsford, British Columbia, Canada

TerraLink Horticulture is a manufacturer and distributor of crop input products for professional growers of specialty crops in Western Canada. Primary product lines include fertilizer, crop protection, forage and turf seeds, greenhouse vegetable seed, agricultural use plastics, as well as other supplies used by commercial growers. TerraLink Horticulture was founded in 1973 and is based in Abbotsford, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 McRae’s Environmental Services

Richmond, British Columbia, Canada

McRae’s Environmental Services is an infrastructure maintenance and environmental services business involved in offering modern fleet of equipment and trained personnel to their diverse customer base. Their services are hydro-excavation, liquid-waste hauling & disposal, holding tank rental & service, hazardous waste disposal & management, mainline sewer cleaning and CCTV pipeline inspection. McRae’s Environmental Services was founded in 1955 and is based in Richmond, Canada.

Buy -
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