Wajax completed the acquisition of NorthPoint Technical Services from Lion Equity Partners for $18m.

Wajax, a diversified industrial products and services provider, completed the acquisition of NorthPoint Technical Services, a national electro-mechanical services provider, from Lion Equity Partners, a private investment firm, for $18m. "The addition of NorthPoint gives our ERS platform strengthened national coverage, complementing the expanded footprint we acquired with Groupe Delom in 2018 and allowing us to better serve our customers. We continue to view ERS as a critical part of our growth strategy as it is expected to enhance our EBITDA margins, requires a lower total working capital investment when compared to our distribution businesses and further enhances our overall value proposition to new and existing customers," Mark Foote, Wajax President and Chief Executive Officer.