M&A Deal Summary

Xebec Acquires Air Flow

On August 4, 2020, Xebec acquired business services company Air Flow for 6M USD

Acquisition Highlights
  • This is Xebec’s 1st transaction in the Business Services sector.
  • This is Xebec’s 3rd largest (disclosed) transaction.
  • This is Xebec’s 1st transaction in the United States.
  • This is Xebec’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-08-04
Target Air Flow
Sector Business Services
Buyer(s) Xebec
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Air Flow

Greensboro, Wisconsin, United States
Air Flow provides its customers with efficient, quality solutions to their industrial compressed air requirements. In addition to new machine sales, the company focuses on preventative maintenance solutions, air energy system audits and analysis, and timely machine rentals, parts, and service. Air Flow was formed in 1987 and is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Xebec

Blainville, Quebec, Canada

Category Company
Founded 1967
Sector Energy Services and Equipment
Employees670
Revenue 123M CAD (2021)
DESCRIPTION

Xebec is a provider of gas purification and filtration solutions for the natural gas, field gas, biogas, helium, and hydrogen markets. Xebec was founded in 1967 and is based in Blainville, Canada.


DEAL STATS #
Overall 2 of 6
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-12 QuestAir Technologies

Burnaby, British Columbia, Canada

QuestAir Technologies, Inc. is a developer, manufacturer and suppler of pressure swing adsorption (PSA) gas purification systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Applied Compression Systems

Cranbrook, British Columbia, Canada

Applied Compression Systems offers a single-source solution for air & gas compression requirements. The company has a strong focus on custom-designed and fabricated compressor packages for specialized applications in the oil, gas, petrochemical, alternative fuel, waste-to-energy, research, power generation, mining, and manufacturing industries. ACS can supply either standard units or design and fabricate equipment that is custom-built to specific requirements from concept to completion. Applied Compression Systems was formed in 2004 and is based in Cranbrook, British Columbia.

Buy $5M