Mosaic Capital to acquire Mackow Industries for $29.5 mln
Canadian private equity firm Mosaic Capital Corp has agreed to acquire an 80 percent interest in Mackow Industries, a Winnipeg-based manufacturer of precision fabricated metal components. Mosaic agreed to pay $29.5 million for the stake, to be funded through cash and vendor take-back financing. Mackow's management team will retain a 20 percent interest. Founded in 1985, Mackow serves customers in the transit bus and motor coach industry of North America. It said the partnership with Mosaic will bring resources required to expand the business. Last month, Mosaic appointed Mark Gardhouse as its new CEO.
3 August 2016•5 mins read
