Q-News
May 2010
Posted in M&A News
There were six private M&A deals reported in May. Three of the announcements were cross-border
transactions involving one Canadian buyer and two Canadian targets. One of the Canadian targets was lucky enough
to accomplish what so many technology startups predict that they will do when
they’re out raising money, they sold to Google. The other four Canadian companies acquired in
May were all service providers. Overall,
only two of the six acquisitions were made by financial buyers.
Canadian M&A Transactions:
GENIVAR Income Fund, a Quebec-based engineering firm,
acquired two Alberta-based competitors this April when it bought out Beaubien
Glover Maskel Engineering North (Edmonton)
and BEARDEN
Engineering Consultants (Red
Deer), both of which specialize in designing
environmentally friendly buildings.
Quadra Global Capital, a Vancouver-based PE shop,
acquired BC-based Tri-M Systems, a systems integrator and
distributor specializing in embedded systems, and its sister company and
engineering partner Tri-M Engineering,
a design firm focused on the same space.
Cross Border
M&A:
Search-engine leader Google (CA) acquired Toronto-based Bumptop
Technologies, the company behind a 3D desktop-organizing software solution
for Windows and Mac. While transaction
figures have not been disclosed, there is a rumor that Google paid between US$25
million and US$30 Million for the Canadian start-up.
In an effort to gain exposure to the pet-treat industry, Toronto’s Imperial
Capital Group has acquired New Jersey-based Petra Pet. Petra
Pet is the owner of Beefeaters, a leading brand in a number of pet food
categories.
Massachusetts-based Thermo
Fisher Scientific (NYSE: TMO), a service provider
to the science industry, acquired Fermentas International, a
Burlington-based manufacturer of research and diagnostic tools for the life
sciences space, for $260 million. Fermentas was backed by Summit
Partners, which invested in the company back in 2007.
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