M&A Deal Summary

SureWerx Acquires Jet Equipment & Tools

On March 24, 2014, SureWerx acquired distribution company Jet Equipment & Tools from Penfund

Acquisition Highlights
  • This is SureWerx’s 1st transaction in the Distribution sector.
  • This is SureWerx’s 2nd transaction in Canada.
  • This is SureWerx’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2014-03-24
Target Jet Equipment & Tools
Sector Distribution
Buyer(s) SureWerx
Sellers(s) Penfund
Deal Type Merger

Target

Jet Equipment & Tools

Coquitlam, British Columbia, Canada
Jet Equipment & Tools Ltd. is a distributor of professional grade tools and equipment. Jet Equipment & Tools is based in Coquitlam, British Columbia.

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Buyer(S) 1

Buyer

SureWerx

Coquitlam, British Columbia, Canada

Category Company
Founded 1957
Sector Safety/Security
DESCRIPTION

SureWerx is a supplier of professional safety products, tools, and equipment. The company offers access to its brands through its partner distributor network servicing the industrial, construction, safety, and automotive aftermarket markets globally. SureWerx was founded in 1957 and is based in Coquitlam, British Columbia.


DEAL STATS #
Overall 2 of 12
Sector: Distribution M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 3
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-20 Peakworks

Vaughan, Ontario, Canada

Peakworks, Inc. is a developer of travel software developer, specializing in the industrial and construction markets. Peakworks was founded in 2008 and is based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Sellstrom Manufacturing Co.

Schaumburg, Illinois, United States

Sellstrom Manufacturing Co. is a U.S. brand of PPE (Personal Protective Equipment) safety products.

Buy -

Seller(S) 1

SELLER

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.


DEAL STATS #
Overall 11 of 22
Sector: Distribution M&A 3 of 4
Type: Merger M&A Deals 1 of 3
State: British Columbia M&A 1 of 2
Country: Canada M&A 8 of 10
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-14 SureWerx

Coquitlam, British Columbia, Canada

SureWerx is a supplier of professional safety products, tools, and equipment. The company offers access to its brands through its partner distributor network servicing the industrial, construction, safety, and automotive aftermarket markets globally. SureWerx was founded in 1957 and is based in Coquitlam, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-21 Mevotech

Toronto, Ontario, Canada

Mevotech is a provider of steering, suspension, and driveline replacement components for the automotive aftermarket. Mevotech was founded in 1982 and is based in Toronto, Ontario.

Buy -