M&A Deal Summary

TriWest Capital Partners Acquires Innova Global

On December 31, 2015, private equity firm TriWest Capital Partners acquired engineering company Innova Global from ATCO Structures & Logistics

Acquisition Highlights
  • This is TriWest Capital Partners’ 1st transaction in the Engineering sector.
  • This is TriWest Capital Partners’ 38th transaction in Canada.
  • This is TriWest Capital Partners’ 21st transaction in Alberta.
Investment Fate
  • Innova Global went bankrupt in 2019.

M&A Deal Summary

Date 2015-12-31
Target Innova Global
Sector Engineering
Buyer(s) TriWest Capital Partners
Sellers(s) ATCO Structures & Logistics
Deal Type Divestiture

Target

Innova Global

Calgary, Alberta, Canada
Innova Global Ltd. is a provider of acoustical consulting, noise abatement technology and gas-turbine auxiliary products for power generation, oil and gas, petrochemical and other industrial sites.

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Buyer(S) 1

Buyer

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TriWest Capital Partners is a Canadian private equity firm focused on investments in established companies operating in a variety of industries. Broad areas of interest include the distribution, manufacturing, and service sectors. TriWest targets mid-sized, profitable companies with EBITDA of $10 to $100 million. Prospective transaction types include management buyouts, growth capital financings, generational transfers, corporate divestitures, and special situations. TriWest will not invest in real estate, technology and primary resource development. TriWest Capital Partners was formed in 1998 and is based in Calgary, Alberta.


DEAL STATS #
Overall 38 of 54
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Alberta M&A 21 of 29
Country: Canada M&A 38 of 51
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Prostar Energy

Calgary, Alberta, Canada

Prostar Energy is a provider and manufacturer of well services and "purpose built" well service equipment to the thermal heavy oil market. Prostar Energy is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Source Energy Services

Calgary, Alberta, Canada

Source Energy Services is a vertically integrated provider of Northern White frac sand and logistical services to the oil and natural gas producers focused in the Western Canadian Sedimentary Basin. The company's operations include a frac sand mine in Wisconsin, seven transload terminals in Canada, and one transload terminal in the United States. Source Energy Services was incorporated in 1998 and is based in Calgary, Alberta.

Sell -

Seller(S) 1

SELLER

ATCO Structures & Logistics

Calgary, Alberta, Canada

Category Company
Founded 1947
Sector Construction
DESCRIPTION

ATCO Structures & Logistics Ltd. is a provider of real-life support solutions to customers, including workforce housing, innovative modular facilities, construction, site support services, logistics support, and operations management.


DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Triple M Housing

Lethbridge, Alberta, Canada

Triple M Housing manufactures modular homes and permanent modular structures from three facilities in Western Canada. The Company is comprised of two divisions, Triple M Housing, and Metric Modular. Triple M Housing was founded in 1981 and is based in Lethbridge, Alberta.

Buy -