M&A Deal Summary

WESCO Acquires Hazmasters

On April 7, 2014, WESCO acquired safety/security company Hazmasters from Trivest Partners

Acquisition Highlights
  • This is WESCO’s 1st transaction in the Safety/Security sector.
  • This is WESCO’s 5th transaction in Canada.
  • This is WESCO’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2014-04-07
Target Hazmasters
Sector Safety/Security
Buyer(s) WESCO
Sellers(s) Trivest Partners
Deal Type Add-on Acquisition
Advisor(s) Stephens Investment Banking (Financial)
Cassels (Legal)

Target

Hazmasters

Pickering, Ontario, Canada
Hazmasters Inc. is a value-added supplier of employee health and safety products and complementary services. The Company's key product categories include protective gear, fall prevention restraints, test & measurement products, respiratory apparatuses, containment & disposal products and air movement & cleaning equipment.

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Buyer(S) 1

Buyer

WESCO

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1922
Sector Distribution
Employees20,000
Revenue 22.4B USD (2023)
DESCRIPTION
WESCO's corporate headquarters in downtown Pittsburgh, Pennsylvania.
WESCO's corporate headquarters in downtown Pittsburgh, Pennsylvania.

WESCO is a distributor of electrical, data communications, general maintenance, repair, and operating (MRO) and electrical OEM products. WESCO was founded in 1922 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 19 of 28
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 18 of 25
State (Ontario) 2 of 2
Country (Canada) 5 of 5
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 LaPrairie

Newmarket, Ontario, Canada

LaPrairie, Inc. is a wholesale distributor of electrical products servicing the transmission, distribution, and substation needs for utilities and utility contractors for the last 25 years across Ontario, Quebec, and Atlantic Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Hi-Line Utility Supply

Elgin, Illinois, United States

Hi-Line Utility Supply Co. LLC is a distributor of utility MRO and safety products, as well as rubber goods testing and certification services.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 13 of 38
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 5 of 13
State (Ontario) 3 of 4
Country (Canada) 3 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Precision Machining Group

Schaumburg, Illinois, United States

Precision Machining Group is a manufacturer and supplier of precision machining and mechanical assemblies. Precision Machining Group was formed in 2002 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Columbus Recycling

Columbus, Mississippi, United States

Columbus Recycling is a metal recycling company focused on processing scrap and supplying materials to foundries and specialty mills. Columbus Recycling was founded in 1956 and is based in Columbus, Mississippi.

Buy -
Mergr

Product

Company

Legal