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New Deal


Announced

Completed

Gincor Werx completed the acquisition of Drivetec Manufacturing.

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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hydraulic equipment

Single Bidder

Canada

Friendly

Majority

Acquisition

Production Technology Equipment

Completed

Private

Domestic

Synopsis

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Gincor Werx, a manufacturer of vocational severe-service vehicles, completed the acquisition of Drivetec Manufacturing, a hydraulic equipment supplier. Financial terms were not disclosed. "I am very pleased to have an organization such as Gincor acquire Drivetec. I feel that both organizations share the same philosophy when it comes to providing exceptional customer service. Gincor's more than 40 years in the industry and reputation for delivering a premium product will align well with Drivetec's existing client base. I would like to thank all the staff for their hard work and dedication over the years and take comfort that they are in good hands with the Gincor team moving forward," Rheal Duprey, Drivetec President & Founder.

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