Acquisitions in Alberta, Canada

Hillcore Group completed the acquisition of CEDA effective June 18, 2024. CEDA had been majority-owned by OMERS since 2005, and will continue operating under its existing leadership team as part of Hillcore’s portfolio.

Canstar Restorations LP acquired Lydale Property Restoration, a property restoration provider focused on fire and flood remediation in Alberta and Saskatchewan. The deal combines Lydale’s 40+ years of experience with Canstar’s infrastructure and regional network to expand a one-stop restoration offering across Western Canada.

An affiliate of STG has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of MediaValet Inc. for C$1.71 per share in cash. The transaction values MediaValet at approximately C$80 million and is expected to close in Q1 2024 subject to shareholder, court, and regulatory approvals.

KV Capital’s private equity team acquired UTV Canada Inc., a Canadian distributor and online retailer of aftermarket ATV/UTV parts and accessories. Following the acquisition, UTV Canada will merge with KV Capital Fund II portfolio company Mountain Sports Distribution (MSD) to expand KV Capital’s powersports distribution platform, with UTV Canada’s CEO retaining equity and joining MSD.

SoftwareOne Holding AG has agreed to acquire Beniva Consulting Group Inc., a Calgary-based consultancy specializing in ServiceNow advisory, IT operations management (ITOM), and related cloud and application services. The deal is intended to strengthen SoftwareOne’s software and cloud services portfolio, adding deeper process automation and service management capabilities to its existing IT asset management offerings. Financial terms were not disclosed.

Westview Co-op announced it will acquire Grasse Lumber Sales to add its first Home and Building Centre location in Didsbury. The acquisition expands Westview Co-op’s retail footprint beyond its existing Home Centres in Drumheller and Hanna, and the company plans to offer continued employment to Grasse Lumber Sales staff. The deal is subject to customary closing conditions and is expected to close in late March, with financial terms not disclosed.

Hillcore Group has completed the acquisition of Active Warehousing Inc. Active Warehousing is a third-party logistics (3PL) and transload provider headquartered in Edmonton, Alberta, serving forestry and industrial end markets and moving rail and ocean containerized products to domestic markets and export ports.

Lynx Equity, a Toronto-based private equity firm, acquired Yellowhead Wood Products (YWP), a Canadian wood product remanufacturer based in Alberta. YWP had retained MNP Corporate Finance to help run the sale process, and YWP’s management team is expected to remain with the business in ongoing roles.

Lee Specialties, Inc. and Nexus Energy Technologies, Inc. announced they have merged to form NXL Technologies, Inc., a global manufacturer of wireline and coiled tubing pressure control equipment. The combined company will provide sales, rental, service and repair of proprietary well-intervention and pressure-control equipment to the energy sector. Voyager Interests, a private equity firm that invested in Lee in 2021, will continue as an investor in the combined platform.

Maverick Aviation Group acquired Bristow Instruments, an aviation instrumentation services provider headquartered in Sherwood Park, Alberta. The deal represents Maverick’s inaugural platform acquisition, with plans to invest in and expand Bristow’s capabilities and market presence.

Rubicon Technology Partners announced it has completed the sale of Aucerna to Thoma Bravo. Aucerna provides software solutions for integrated planning, execution, and reserves management for oil and gas organizations; financial terms were not disclosed.