M&A Deal Summary

Strait Projects Acquires Viper Innovation

On May 15, 2020, Strait Projects acquired business services company Viper Innovation from Yellow Point Equity Partners

Acquisition Highlights
  • This is Strait Projects’ 1st transaction in the Business Services sector.
  • This is Strait Projects’ 1st transaction in Canada.
  • This is Strait Projects’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2020-05-15
Target Viper Innovation
Sector Business Services
Buyer(s) Strait Projects
Sellers(s) Yellow Point Equity Partners
Deal Type Merger

Target

Viper Innovation

Fort St. John, British Columbia, Canada
Viper Innovation, Inc. provides heavy-duty mechanical maintenance for plant shutdowns and other projects. Viper Innovation was founded in 2006 and is based in Fort St. John, British Columbia.

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Buyer(S) 1

Buyer

Strait Projects

Calgary, Alberta, Canada

Category Company
Founded 2007
Sector Construction
DESCRIPTION

Strait Projects Ltd. provides underground infrastructure construction solutions supporting oil & gas projects across Western Canada. Strait Projects Ltd. was founded in 2007 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Yellow Point Equity Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Yellow Point Equity Partners is a private equity group focused on management buyouts and growth investments in mid-sized companies located in Western Canada and the Northwest of the US. Yellow Point will consider opportunities in a wide range of sectors, including basic manufacturing, technology, communications, energy, financial, healthcare, and services. The Firm 'gravitates' towards businesses with established market positions and 'compelling' products. Yellow Point Equity Partners was formed in 2004 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 10 of 12
Sector (Business Services) 2 of 2
Type (Merger) 1 of 1
State (British Columbia) 6 of 8
Country (Canada) 10 of 12
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 Securiguard Services

Burnaby, British Columbia, Canada

Securiguard Services specializes in corporate and industrial security with customers spanning the aviation, marine port, government, industrial, and real estate sectors. Securiguard Services is a provider of canine-based security in western Canada, with over 40 canine handler teams providing specialized security services to the cruise ship, ferry, and cargo industries. Securiguard Services was founded in 1974 and is based in Burnaby, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Nature’s Emporium

Newmarket, Ontario, Canada

Nature’s Emporium is a premier Canadian organic and natural grocery retailer sharing the world’s finest foods, vitamins, supplements, body, and home care products with communities throughout the Greater Toronto Area. Nature’s Emporium was founded in 1993 and is based in Newmarket, Ontario.

Buy -