Hampton Financial Corporation to Acquire Oxygen Working Capital Corp.
March 28, 2024
Hampton Financial Corporation (TSXV:HFC) has agreed to acquire a controlling interest in Oxygen Working Capital Corp. (OCC), an Oakville, Ontario-based commercial factoring lender, with closing anticipated on April 1, 2024. Under the deal Hampton will issue 21,755,071 subordinate voting shares (plus ~5,438,779 warrants) to OCC shareholders in exchange for 100% of OCC's outstanding common shares (aggregate value $9,783,250), marking Hampton's first entry into commercial lending and expected to be accretive to earnings.
- Buyers
- Hampton Financial Corporation
- Targets
- Oxygen Working Capital Corp.
- Sellers
- Shareholders of Oxygen Working Capital Corp.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Smith Financial Corporation Acquires Home Capital Group Inc.
November 21, 2022
Financial Services
Smith Financial Corporation (via a wholly-owned purchaser) acquired all outstanding shares of Home Capital Group Inc. in a court-approved plan of arrangement, paying CAD 44.00 per share (increased to CAD 44.28 per share due to a post-May 20, 2023 closing adjustment). The transaction valued Home Capital at approximately CAD 1.7 billion, will result in Home Capital being taken private and its common shares delisted from the Toronto Stock Exchange.
-
Berkshire Hathaway Acquires OxyChem from Occidental
January 3, 2026
Manufacturing
Berkshire Hathaway has completed the acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem, headquartered in Dallas, Texas, is a major U.S. chemical manufacturer (PVC, chlor-alkali, chlorinated organics, calcium chloride) with operations across the U.S., Canada and Latin America and will remain led by CEO Wade Alleman.
-
OCMBC, Inc. Acquires HomeStar Financial Corporation
August 29, 2024
Financial Services
OCMBC, Inc. completed the acquisition of HomeStar Financial Corporation, closing the deal on August 29, 2024. The deal expands OCMBC’s nationwide mortgage origination and servicing capabilities by adding HomeStar’s licensed mortgage banking operations based in Gainesville, Georgia.
-
O'Connor Utilities Group Acquires Hornbill Engineering Group
July 1, 2023
Energy
O'Connor Utilities Group (OCU), a Triton-backed utilities infrastructure platform, has acquired Hornbill Engineering Group Limited, a specialist high-voltage electrical engineering business focused on power infrastructure and energy transition projects. The deal brings Hornbill's technical capabilities and blue-chip client relationships into OCU's platform as an add-on to support growth in critical energy security and Net Zero initiatives; shareholders (including SME Investment Partners) appointed advisers to run the sale.
-
O2 Investment Partners (via FCAH Aerospace) Invests in Cobalt Aero Services
June 5, 2023
Aerospace & Defense
O2 Investment Partners has invested through its platform FCAH Aerospace to acquire Cobalt Aero Services, a licensed FAA/EASA repair station specializing in nacelle, thrust reverser, and airframe component MRO. The deal adds complementary depot-level repair capabilities to the FCAH platform, supporting geographic expansion, capability enhancement, and increased service offerings to commercial, cargo, and defense customers.
-
Occidental Agrees to Acquire Carbon Engineering for Approximately $1.1 Billion
August 15, 2023
Energy
Occidental (through a wholly owned subsidiary) has entered into a definitive agreement to acquire Carbon Engineering Ltd. for approximately $1.1 billion in cash, payable in three roughly equal annual installments. The deal — which will make Carbon Engineering a subsidiary of Oxy Low Carbon Ventures upon closing — is intended to accelerate deployment and commercialization of direct air capture (DAC) technology and expand Occidental's low-carbon capabilities.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.