M&A Deal Summary

The North West Acquires North Star Air

On April 28, 2017, The North West acquired airliner North Star Air for 31M CAD

Acquisition Highlights
  • This is The North West’s 1st transaction in the Airlines sector.
  • This is The North West’s 2nd largest (disclosed) transaction.
  • This is The North West’s 1st transaction in Canada.
  • This is The North West’s 1st transaction in Ontario.

M&A Deal Summary
Date 2017-04-28
Target North Star Air
Sector Airlines
Buyer(s) The North West
Deal Type Add-on Acquisition
Deal Value 31M CAD

Target

North Star Air

Pickle Lake, Ontario, Canada
North Star Air Ltd. is a provider of cargo and passenger services within northwestern Ontario. NSA is a privately-held airline that was founded in 1997. It has grown rapidly over the past three years and today operates a fleet of 11 aircraft providing cargo and passenger services, primarily within northwestern Ontario, with bases in Thunder Bay, Pickle Lake and Red Lake.

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Buyer(S) 1

Buyer

The North West

Winnipeg, Canada
Category Company
Founded 1978
Sector Retail
DESCRIPTION

The North West Company is a retailer to underserved rural communities and urban neighbourhood markets in the following regions: Northern Canada, Western Canada, rural Alaska, the South Pacific islands and the Caribbean. Our stores offer a broad range of products and services with an emphasis on food. Our value offer is to be the best local shopping choice for everyday household and local lifestyle needs.

DEAL STATS #
Overall 3 of 3
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Roadtown Wholesale Trading

Road Town, Virgin Islands (British)

Roadtown Wholesale Trading Ltd. has seven retail outlets, one Cash and Carry, and one wholesale operation serving the British Virgin Islands.

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