M&A Deal Summary

Universal Group Acquires Ansan Group

On January 1, 2020, Universal Group acquired business services company Ansan Group from CAI Capital Partners, BDC Capital and Roynat Capital

Acquisition Highlights
  • This is Universal Group’s 1st transaction in the Business Services sector.
  • This is Universal Group’s 1st transaction in Canada.
  • This is Universal Group’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-01-01
Target Ansan Group
Sector Business Services
Buyer(s) Universal Group
Sellers(s) CAI Capital Partners
BDC Capital
Roynat Capital
Deal Type Merger

Target

Ansan Group

Richmond, British Columbia, Canada
Ansan Group is a provider of traffic management and control services. Ansan provides traffic control personnel, lane closure services, traffic permits, and traffic management plans, road maintenance, and landscaping/vegetation management services. Ansan Group was founded in 1978 and is based in Richmond, British Columbia.

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Buyer(S) 1

Buyer

Universal Group

Langley, British Columbia, Canada
Category Company
Sector Business Services
DESCRIPTION

Universal Group is a traffic management and control services provider that controls personnel, lane closure services, traffic permits, and traffic management plans, temporary labor services, road maintenance, and landscaping/vegetation management services. Universal Group is based in Langley, British Columbia.

DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 2
Type (Merger) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 4
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Beacon Lite

Ottawa, Ontario, Canada

Beacon Lite is a provider of traffic control services and equipment rental in Ontario and Quebec with additional locations in Sudbury, Kingston, and Gatineau, Quebec. Beacon Lite was founded in 1964 and is based in Ottawa, Ontario.

Buy -

Seller(S) 3

SELLER

CAI Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 19 of 22
Sector (Business Services) 2 of 2
Type (Merger) 1 of 1
State (British Columbia) 2 of 3
Country (Canada) 9 of 11
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 CSAT Solutions

Houston, Texas, United States

CSAT Solutions is a provider of fully-integrated electronic and digital device diagnostics and repair solutions. CSAT serves diverse end markets such as consumer electronics, industrial equipment and components, and medical devices and equipment. CSAT Solutions wounded in 1987 and headquartered in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 RebalanceMD

Victoria, British Columbia, Canada

RebalanceMD operates a complete orthopedic, physical medicine, and sports injury care clinic. Surgical and non-surgical patients alike can access one-stop physiotherapy, bracing & orthotics, and rehabilitation in-person or virtually through the clinic. At the core of RebalanceMD’s system is an advanced and highly developed triage called “FAAST” – First Available Appropriate Specialist Triage and the utilization of a highly customized electronic medical record (EMR) system. Through proper assessment and the ability to “rebalance” workloads, RebalanceMD offers patients the opportunity to be seen by a specialist appropriate for their specific requirements. This workflow balancing optimizes the capacity of each doctor, ensuring they are able to operate at the top of their scope of practice. RebalanceMD was formed in 2013 and is headquartered in Victoria, British Columbia.

Buy -
SELLER

BDC Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

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 1 of 10
Sector (Business Services) 1 of 2
Type (Merger) 1 of 1
State (British Columbia) 1 of 2
Country (Canada) 1 of 9
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Lube City

Edmonton, Alberta, Canada

Lube City is one of the operators of quick automotive service oil changes, with 27 locations throughout Alberta. The company offers a full suite of manufacturer warranty-approved automotive maintenance services. Lube City’s no-hassle, drive-through locations are designed for the average person’s busy lifestyle, requiring no appointments and providing consistent high-quality customer service. Lube City is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Beehivr

Repentigny, Quebec, Canada

Beehivr has developed a platform for deploying sales assistance mobile solutions for professionals in various sectors, as well as for retailers. Beehivr is a global partner of Apple and does business with major customers in Canada, the United States, and Europe. Beehivr was formed in 2013 and is based in Repentigny, Quebec.

Buy -
SELLER

Roynat Capital

Investor Investor

Category Growth Capital Firm
PE ASSETS 300M CAD
Size Small
Type Sector Agnostic
DESCRIPTION

Roynat Capital is an investment arm within Canada-based bank Scotiabank that looks to provide capital to middle-market businesses for growth and/or liquidity needs. The Firm looks to invest $5 to $20 million for minority stakes in profitable businesses with minimum EBITDA of $2 million. Roynat is sector agnostic and can invest a variety of capital, including common equity, preferred equity, and convertible debt. Roynat Capital is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 MedSpa Partner

Toronto, Ontario, Canada

MedSpa Partner is a provider of premier medspas and cosmetic dermatology clinics. MSP focuses on enabling its industry-leading acquisition partners to achieve their personal and professional aspirations by creating world-class customer experiences through support, collaboration, and community. MedSpa Partner is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 S3 Enterprises

Swift Current, Saskatchewan, Canada

S3 Enterprises is a manufacturer of equipment, component parts, and air systems for the agricultural industry. S3 Enterprises was founded in 1966 and is based in Swift Current, Saskatchewan.

Buy -
Mergr

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