M&A Deal Summary

Xebec Acquires Applied Compression Systems

On September 1, 2020, Xebec acquired machinery company Applied Compression Systems for 5M USD

Acquisition Highlights
  • This is Xebec’s 1st transaction in the Machinery sector.
  • This is Xebec’s 4th largest (disclosed) transaction.
  • This is Xebec’s 2nd transaction in Canada.
  • This is Xebec’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2020-09-01
Target Applied Compression Systems
Sector Machinery
Buyer(s) Xebec
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

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.

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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 3 of 6
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 3 of 6
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2020) 2 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 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.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 HyGear Technology and Services B.V.

Arnhem, Netherlands

HyGear developed cutting-edge technologies for the on-site generation of industrial gases and the recycling of spent gases from the end-user’s process. By combining these technologies with traditional supply methods, HyGear guarantees the most optimal hydrogen supply in terms of cost, reliability, and environmental impact. These services are provided in the existing industrial gases market as well as the upcoming market of hydrogen energy. HyGear has offices in The Netherlands and Singapore.

Buy €82M