TriWest Capital's Triple M to buy Britco manufacturing assets
WesternOne Inc (TSX: WEQ) has agreed to sell the manufacturing operations of its modular building business, Britco Manufacturing, to Triple M Modular Ltd, a Lethbridge, Alberta specialist in manufactured and modular housing. Under the terms of the agreement, Triple M will pay $2.5 million in cash upon closing and an additional $2.5 million contingent on earnings from the business. The deal is expected to close in May. Triple M has been a portfolio company of Canadian private equity firm TriWest Capital Partners since 2013.
10 April 2017•3 mins read
