M&A Deal Summary

Xebec Acquires QuestAir Technologies

On June 12, 2009, Xebec acquired manufacturer QuestAir Technologies from Element Partners

Acquisition Highlights
  • This is Xebec’s 1st transaction in the Manufacturing sector.
  • This is Xebec’s 1st transaction in Canada.
  • This is Xebec’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2009-06-12
Target QuestAir Technologies
Sector Manufacturing
Buyer(s) Xebec
Sellers(s) Element Partners
Deal Type Add-on Acquisition

Target

QuestAir Technologies

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

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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 1 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2009) 1 of 1
FOLLOWING 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

Seller(S) 1

SELLER

Element Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Element Partners is a specialist private equity firm focused on late-stage investments in alternative energy and clean technology companies. Target businesses are at or near profitability with experienced management. Sectors of interest include energy/power, water/environmental controls, chemicals/advanced materials, and manufacturing/industrial. Element Partners was formed in the year 2005 and is based in Radnor, Pennsylvania.

DEAL STATS #
Overall 10 of 25
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 16
State (British Columbia) 1 of 1
Country (Canada) 1 of 3
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-10 Quench USA

King of Prussia, Pennsylvania, United States

Quench USA is a water technology company that provides businesses with high-quality filtered water and other products enabled through its production, such as ice, coffee and tea. Quench systems are rented to its customers, and purify tap water using state-of-the-art technology, eliminating the need for environmentally-wasteful and expensive water delivery. Quench USA was formed in 1997 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 TAS Energy

Houston, Texas, United States

TAS Energy, Inc. is a manufacturer of packaged cooling and energy systems for multiple end-markets, including Power Generation, Commercial & Industrial Cooling, Advanced Heat Recovery (including Geothermal), and Data Centers.

Buy -
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