AIP-backed Manac buys trailer manufacturer Peerless for $14.75 mln
Manac Inc (TSX: MA), a portfolio company of U.S. private equity firm American Industrial Partners, has acquired Peerless Ltd for $14.75 million in cash. Based in Penticton, British Columbia, Peerless is a designer and manufacturer of highly specialized trailers and chassis for a variety of industries. The Saint-Georges-de-Beauce, Québec-based Manac is a manufacturer of vans, flatbeds and specialty trailers. The company raised approximately $40 million in gross proceeds from its initial public offering of subordinate voting shares last September.
18 June 2014•3 mins read
