M&A Deal Summary

Trane Acquires Arctic

On September 13, 2019, Trane acquired machinery company Arctic from Fulcrum Capital Partners

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

M&A Deal Summary
Date 2019-09-13
Target Arctic
Sector Machinery
Buyer(s) Trane
Sellers(s) Fulcrum Capital Partners
Deal Type Add-on Acquisition

Target

Arctic

Brampton, Ontario, Canada
Arctic is a manufacturer of modular and high efficiency chillers that are utilized in commercial and industrial cooling applications in North America. Our products include modular chillers, magnetic bearing chillers, heat recovery chillers, critical duty chillers and modules, industrial process chillers and refrigeration systems, and optimized chiller-plant controllers. Arctic was founded in 1989 and is based in Brampton, Ontario.

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Buyer(S) 1

Buyer

Trane

Piscataway, New Jersey, United States
Category Company
Founded 1913
Sector Manufacturing
Employees29,600
Revenue 7.4B USD (2007)
DESCRIPTION

Trane is a provider of heating, ventilation and air conditioning (HVAC) systems; dehumidifying and air cleaning products. Trane also offers service and parts support; advanced building controls and financing solutions.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Ideal Standard

Brussels, Belgium

Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.

Sell $1.8B

Seller(S) 1

SELLER

Fulcrum Capital Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Fulcrum Capital Partners is a private equity firm focused on middle-market company acquisitions in Canada. The Firm looks to invest $10 to $35 million in companies generating up to $250 million in revenue. Industries of interest include services, manufacturing, consumer products, distribution, food, and retail. Prospective transaction situations include successions, growth capital financings, consolidations, buyouts, take privates, and pre-IPO financings. Fulcrum Capital Partners was formed in 2011 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 8 of 18
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 3 of 5
State (Ontario) 4 of 10
Country (Canada) 8 of 18
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 NLS

Mississauga, Ontario, Canada

NLS is a logistics provider for fashion, footwear, actionwear and general merchandise. Our services extend to both distributed Brand retailers and retail chains alike, and in many instances, we manage these in the same campus to align complimentary business needs. NLS offers automation and a technical infrastructure for optimum through-put and speed-to-market, typically not available with third party logistics providers. NLS was founded in 1967 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Media Resources

Oakville, Ontario, Canada

Media Resources provides integrated vertical market solutions and end-to-end services to the sign industry through the manufacturing of digital billboards and indoor signage, sign installation and maintenance as well as providing large format and 3D printing. Media Resources was founded in 1967 and is based in Oakville, Ontario.

Buy -
Mergr

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