Toromont Industries Acquires 60% Stake in AVL Manufacturing Inc.

Fero International Inc. Acquires AVL Manufacturing Inc.

October 14, 2021

Manufacturing

Fero International Inc. signed a letter of intent to acquire AVL Manufacturing Inc., a Hamilton, Ontario–based turnkey manufacturer of modular enclosures with a 30-year track record. The acquisition will secure AVL's manufacturing facilities and over 70 employees (including ~15 engineers) to help Fero scale production of its modular solutions; closing was anticipated in Q4 2021 subject to due diligence, financing and a definitive agreement.

Toromont Industries Acquires Tri-City Equipment Rentals

September 11, 2024

Industrial Services

Toronto-based Toromont Industries Ltd. has acquired Tri-City Equipment Rentals, a Guelph, Ontario heavy equipment rental operator with locations across Southwestern Ontario. The acquisition expands Toromont Cat's heavy rental footprint and creates a rental hub in southwestern Ontario; Tri-City's president, Jeff Armishaw, will join Toromont as a strategic advisor.

Latécoère Acquires Avcorp Industries Inc.

May 5, 2022

Aerospace & Defense

Latécoère has agreed to acquire all outstanding common shares of Avcorp Industries Inc. for approximately CAD$41 million, strengthening its Aerostructures business by adding wing sub-assemblies, large-scale composite capabilities and North American manufacturing footprint. The acquisition increases Latécoère's exposure to North American defence and commercial aircraft platforms (including the B737 Max and F-35) and is expected to close in 2022 subject to customary approvals.

Alta Equipment Group Acquires Ault Industries

November 19, 2023

Industrial Services

Alta Equipment Group (Livonia, Michigan) has acquired Ault Industries, a privately held Canadian equipment distributor with locations in Ontario and Quebec, for a total purchase price of $36.0 million. The acquisition expands Alta's construction equipment footprint into Canada (Toronto and Montreal markets), adds an exclusive McCloskey distributorship, and is expected to be accretive to the company's cash flow conversion and earnings per share.

TT Electronics Acquires Torotel

September 17, 2020

Aerospace & Defense

TT Electronics has agreed to acquire Torotel, a US designer and manufacturer of high-reliability power and magnetic assemblies for the aerospace and defense markets, for $43.4 million. The acquisition expands TT's power electronics capabilities and US footprint, and Torotel will be integrated as a wholly owned subsidiary subject to shareholder and regulatory approvals.

nVent Completes Acquisition of Avail Infrastructure Solutions' Electrical Products Group

May 1, 2025

Manufacturing

nVent Electric plc completed the acquisition of the enclosures, switchgear and bus systems businesses (the "Electrical Products Group") of Avail Infrastructure Solutions for $975 million in cash. The business — a North American provider serving power utilities, data centers and renewables with ~1,100 employees and nine U.S. manufacturing locations — will be operated predominantly within nVent's Systems Protection segment to strengthen its infrastructure offerings.