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New Deal


Announced

Completed

SureWerx completed the acquisition of Geroline.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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traction aid

Domestic

winter aid

Majority

Canada

Acquisition

Clothing and Accessories

Completed

Friendly

Private

Single Bidder

Private Equity

Synopsis

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SureWerx, a manufacturer of safety products, tools and equipment, completed the acquisition of Geroline, a provider of winter traction aids. Financial terms were not disclosed. "Adding K1 to our growing world-class portfolio of SureWerx brands continues to propel us towards our goal of becoming the global leader in safety and productivity. As the dominant mid-sole brand, K1 is highly complementary to our Due North portfolio, which enjoys a leadership position in full-coverage ice cleats. Combined, SureWerx now offers the best one-two punch in the slip protection market, bolstered by the fact that K1 is the most demanded ice traction brand by distributors and end users alike," Chris Baby, SureWerx CEO.

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