M&A Deal Summary

Wipro Infrastructure Engineering Acquires Mailhot Industries

On May 9, 2024, Wipro Infrastructure Engineering acquired manufacturer Mailhot Industries from Novacap

Acquisition Highlights
  • This is Wipro Infrastructure Engineering’s 1st transaction in the Manufacturing sector.
  • This is Wipro Infrastructure Engineering’s 1st transaction in Canada.
  • This is Wipro Infrastructure Engineering’s 1st transaction in Quebec.

M&A Deal Summary
Date 2024-05-09
Target Mailhot Industries
Sector Manufacturing
Buyer(s) Wipro Infrastructure Engineering
Sellers(s) Novacap
Deal Type Add-on Acquisition

Target

Mailhot Industries

Saint-Jacques, Quebec, Canada
Mailhot Industries is a manufacturer of hydraulic cylinders renowned for technological innovation. The company makes quality a priority, and has secured a place of choice in its industry segment. Mailhot produces a complete line of single-stage and telescopic hydraulic cylinders. Its mission is to anticipate its customers’ needs by deploying innovative, adapted solutions. Mailhot Industries was founded in 1956 and is based in Saint-Jacques, Québec.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Wipro Infrastructure Engineering

Bengaluru, India
Category Company
Founded 1976
Sector Machinery
DESCRIPTION

Wipro Infrastructure Engineering Ltd. is an engineered Hydraulic components and solutions provider in India.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 H.R Givon

Kiryat Bialik, Israel

H.R Givon Ltd. is a manufacturer of metallic aero structure parts and assemblies.

Buy -

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.

DEAL STATS #
Overall 29 of 30
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 13 of 13
State (Quebec) 14 of 14
Country (Canada) 19 of 19
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Nuvei

Montreal, Quebec, Canada

Nuvei is a payment technology platform that offers direct connections to all major payment card schemes worldwide. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Sell $6.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 GHP Group

Niles, Illinois, United States

GHP Group specializes in developing, distributing, importing, and manufacturing seasonal products for major home centers, retailers, and online retailers, such as BBQs, heaters, fireplaces, and drinking water solutions. GHP Group was founded in 2003 and is based in Niles, Illinois.

Sell -
Mergr

Product

Company

Legal