Cross Country Canada Supplies & Rentals Inc.
Cross Country Canada Supplies & Rentals Inc. has acquired the Canadian assets of Cross Country Infrastructure Services Canada Inc.
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Cross Country Canada Supplies & Rentals Inc. has acquired the Canadian assets of Cross Country Infrastructure Services Canada Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Cross Country Canada Supplies & Rentals Inc. in structuring and negotiating this transaction.
Transaction Brief
MNP Corporate Finance Inc. (MNPCF) performed the following acquisition advisory services for Cross Country Canada Supplies & Rentals Inc. (the purchaser): assisted in the analysis of the acquisition opportunity, assisted with negotiations on the offer, helped to obtain necessary financing, and assisted in developing necessary corporate structure and shareholders agreements. Additionally, MNPCF provided financial and tax due diligence services to the purchaser.
This transaction allowed Cross Country Infrastructure Services Canada Inc. (CCISC or the company), to exit the Canadian market and shift focus into other growth opportunities while ensuring the continued progress and success of the company.
CCISC is a leading provider of equipment and supplies to the pipeline construction industry. The company maintains a rental fleet of pipeline specific and general-purpose equipment, along with selling tools and supplies to pipeline contractors. CCISC’s supplies and equipment are used in the construction of new pipelines and the repair, replacement and retrofit of existing lines.
The purchaser has local roots and is experienced in both equipment rentals and the pipeline industry. The purchaser looks to further optimize the existing business platform and implement additional strategies for further growth.