M&A Deal Summary |
|
|---|---|
| Date | 2022-09-30 |
| Target | Monarch Industries |
| Sector | Manufacturing |
| Buyer(s) |
TriWest Capital Partners
BDC Capital |
| Sellers(s) | Merit Capital Partners |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 1.6B CAD |
| Size | Large |
| Type | Sector Agnostic |
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.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 53 |
| Sector (Manufacturing) | 3 of 4 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Manitoba) | 2 of 2 |
| Country (Canada) | 47 of 50 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-21 |
OAG
Kelowna, British Columbia, Canada OAG is comprised of two recreational vehicle brands, including Northern Lite, a manufacturer of specialized fibreglass truck campers for all four seasons, and Off Grid, a designer and distributor of innovative, superior off-road trailers. Key distribution channels include a broad network of recreational vehicle dealerships across North America, and through a digital, direct-to-consumer model. OAG is based in Kelowna, British Columbia. |
Buy | - |
| 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. |
Sell | - |
BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 33 |
| Sector (Manufacturing) | 2 of 2 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Manitoba) | 1 of 2 |
| Country (Canada) | 26 of 31 |
| Year (2022) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-30 |
Cognibox
Shawinigan, Quebec, Canada Cognibox is a provider of risk management and contractor compliance software. Cognibox compiles health and safety, sustainable development, quality, and procurement data for more than 8,000 contractors performing work for over 250 hiring organizations. Cognibox was founded in 1972 and is based in Shawinigan, Quebec. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-19 |
CEP Forensic
Laval, Quebec, Canada CEP Forensic is a premier national forensic engineering provider services in every discipline from electrical engineering to collision reconstruction. CEP Forensic was founded in 1972 and is based in Laval, Quebec. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 52 |
| Sector (Manufacturing) | 5 of 6 |
| Type (Secondary Buyout) | 18 of 20 |
| State (Manitoba) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2022) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-23 |
Liberty Group
Houston, Texas, United States Liberty Group provides temporary staffing, executive search, and employee screening services to clients in the multifamily residential real estate industry. Liberty Group was founded in 1977 and is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-22 |
Rose Paving
Bridgeview, Illinois, United States Rose Paving is a provider of professional preventative and restorative parking lot maintenance services to businesses throughout the U.S., Canada and Puerto Rico. Rose performs its services nationally through its six satellite offices and a network of 1,200 alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. Rose Paving was founded in 1969 and is based in Bridgeview, Illinois. |
Sell | - |
