M&A Deal Summary

Syncreon Acquires TDS Automotive Canada

On October 15, 2007, Syncreon acquired automotive company TDS Automotive Canada from Penfund

Acquisition Highlights
  • This is Syncreon’s 1st transaction in the Automotive sector.
  • This is Syncreon’s 1st transaction in Canada.
  • This is Syncreon’s 1st transaction in Ontario.

M&A Deal Summary
Date 2007-10-15
Target TDS Automotive Canada
Sector Automotive
Buyer(s) Syncreon
Sellers(s) Penfund
Deal Type Add-on Acquisition

Target

TDS Automotive Canada

Mississauga, Ontario, Canada
Sequencer and sub-assembler of automotive components.

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Buyer(S) 1

Buyer

Syncreon

Cloghran, Ireland
Category Company
Sector Transportation
Revenue 1.0B USD (2020)
DESCRIPTION

Syncreon is an asset-light global logistics company that facilitates the integration of customers’ supply chains and the final delivery of finished products to their end customers.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-29 syncreon Technology

Addison, Illinois, United States

syncreon Technology (USA) LLC is a provider of third-party logistics and supply chains solutions for telecommunication network operators, original equipment manufacturers, and retailers in North America.

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 3 of 19
Sector (Automotive) 1 of 3
Type (Add-on Acquisition) 2 of 8
State (Ontario) 2 of 6
Country (Canada) 2 of 9
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-15 Pet Valu

Markham, Ontario, Canada

Pet Valu is Canada's leading retailer of pet food and pet-related supplies with over 600 corporate-owned or franchised locations across the country. For more than 40 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, a premium product offering and engaging in-store services. Pet Valu's neighbourhood stores offer more than 7,000 competitively-priced products, including a broad assortment of premium, super premium, holistic and award-winning proprietary brands. Pet Valu was incorporated in 1976 and is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 Goodlife Fitness Centres

London, Ontario, Canada

Goodlife Fitness Centres is an owner and operates 192 clubs under the GoodLife banner in Canada outside Quebec and an additional 70 clubs under the Energie Cardio banner in Quebec. Goodlife Fitness Centres was founded in 1979 and is based in London, Ontario.

Buy -
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