M&A Deal Summary

WestBridge Capital Acquires Berg

On August 2, 2024, private equity firm WestBridge Capital acquired machinery company Berg

Acquisition Highlights
  • This is WestBridge Capital’s 1st transaction in the Machinery sector.
  • This is WestBridge Capital’s 6th transaction in Canada.
  • This is WestBridge Capital’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2024-08-02
Target Berg
Sector Machinery
Buyer(s) WestBridge Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Berg

Toronto, Ontario, Canada
Berg offers associated engineering and fabrication business that builds solutions for a broad range of industrial chilling applications including garbage bag manufacturing, ice production for fishing fleets, chilling of natural gas in energy production, and chilling for high-intensity specialized computing applications. It installs and services these solutions once they have been manufactured along with various other industrial and commercial cooling solutions, creating a steady annuity business. Berg is based in Toronto, Ontario.

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Buyer(S) 1

DESCRIPTION

WestBridge Capital is a generalist investment firm focused on lower middle-market company acquisitions throughout North America. The Firm is industry agnostic and seeks profitable business ($2 to $10 million of EBITDA) with strong management already in place. WestBridge Capital is headquartered in Saskatoon, Saskatchewan.


DEAL STATS #
Overall 13 of 14
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 12
State: Ontario M&A 2 of 2
Country: Canada M&A 6 of 7
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 Federal Steel Supply

Chesterfield, Missouri, United States

Federal Steel Supply is a distributor of industrial products including pipes, fittings, flanges, and valves. Federal Steel Supply was founded in 1979 and is based in Chesterfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-14 Delta Marine Service

Sidney, British Columbia, Canada

Delta Marine Service is a yacht repair and maintenance service provider. Delta’s services include mechanical systems, welding and fabrication, fiberglass and gelcoat work, and major refit projects, serving both recreational and commercial vessels. Delta Marine Service was founded in 1977 and is based in Sidney, British Columbia.

Buy -