ATS Corporation to Acquire Paxiom Group
May 15, 2024
ATS Corporation has entered into a definitive agreement to acquire Paxiom Group, a Montreal-based provider of primary, secondary and end-of-line packaging machines serving food & beverage, cannabis and pharmaceutical customers. Paxiom generated approximately $67 million of revenue and adjusted EBITDA margin above 19% in calendar 2023, employs roughly 200 people, and will join ATS' Products and Food Technology business; the deal is expected to close in Q3 2024 with funding from cash and the company's revolving credit facility.
- Buyers
- ATS Corporation
- Targets
- Paxiom Group
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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