Q-News

December 2011

M&A News - November 2011

Posted in M&A News

We only came across three private M&A transactions this November, and two of them actually involved asset/subsidiary sales by publicly traded Canadian companies – the first of these was made by a clean energy company that decided to narrow its focus, while the other sale was made by a troubled company looking for some quick cash in order to help it deal with its debt load.  The third deal this month was a private equity backed purchase made by an Ontario business acquiring manufacturing facilities in the United States.

Cross Border M&A

Yellow Media (TSX: YLO) sold one of its web properties, LesPAC, a Quebec-focused classifieds website, to Mediagrif Interactive Technologies (TSX: MDF), a Quebec-based company that owns and operates several e-business networks and provides services to clients that want to leverage e-business technologies.

Trimaster Manufacturing, a Guelph-based business that custom engineers and manufactures precision machined components and subassemblies, gained U.S. manufacturing capabilities by acquiring Massachusetts-based Hoppe Technologies.  Trimaster Manufacturing is owned by New York-based GenNx360 Capital Partners.

NY-based ReEnergy Holdings, paid $90.3 million to Quebec-based Boralex (TSX: BLX) and added five US-based biomass (wood residue) power stations to its portfolio of renewable energy assets.  Boralex intends to use the proceeds to build its wind, hydroelectric and solar power portfolios.

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