GFL Environmental Inc has acquired the Canadian operations of Accuworx Inc, a Mississauga, Ontario-based provider of end-to-end environmental and industrial solutions to the private and public sectors. No financial terms were released for the deal, which includes Sure Horizon Environmental Inc, a Brampton, Ontario hazardous and liquid waste processing services specialist. GFL, a Toronto-based environmental services business, is backed by HPS Investment Partners, Macquarie Group and other investors. GFL is planning the 2018 launch of an initial public offering targeted to raise as much as $1 billion, Reuters reported in November.
3 min read · 02 February 2018
U.S. private equity firm SCF Partners has merged four portfolio companies to create a new global energy supply and infrastructure services business. The four companies include SITE Energy Services, a Calgary-based provider of remote access, environmental and infrastructure services to construction and maintenance projects, and Waste Treatment Solutions (WTS), a Nanton, Alberta-based integrated oilfield equipment supplier of combined sewage treatment, dual generator and lighting systems. Taken together, they will form Aberdeen, Scotland's Centurion Group. Each company will continue to operate under its existing brand name.
3 min read · 01 February 2018
Canadian private equity firm Fusion Agiletech Partners has acquired Quisitive LLC, a Dallas-based full-service digital technology consulting business. No financial terms were released. The buy will fund investments in blockchain product innovation and acquisitions of IT service companies that support Quisitive’s North American growth strategy over the next two years. With the deal, Fusion Agiletech becomes the parent company of Quisitive and will be led by Mike Reinhart, Quisitive's CEO and president. Reinhart will help steer Toronto-based Fusion Agiletech's plans to go public in Canada in 2018.
3 min read · 01 February 2018
Canvas printing and photo-gifting services provider CanvasPop has raised $3.3 million in funding. Canadian venture capital firm Celtic House Venture Partners and the Growth and Transition Capital division of BDC Capital led the round. They were joined by angel investors Tobi Lütke and Cody Fauser, as well as entrepreneur Richard L'Abbé. Founded in 2009 by CEO Nazim Ahmed and CIO Adrian Salamunovic, CanvasPop offers online photo printing services that allow users to print virtually any image via the company's Canadian and U.S. facilities. It will use the funds raised to expand into new product categories and continue growth.
4 min read · 01 February 2018
SkyWatch Space Applications Inc, a Waterloo-based satellite data aggregation and distribution platform, has raised $4 million in a seed-stage financing. Sinai Ventures and Space Angels led and were joined by Golden Venture Partners, Techstars Ventures, SK Ventures, Globalive Capital and ARC Angel Fund. SkyWatch develops technology that allows enterprises to integrate Earth satellite observation data into their applications, while empowering satellite operators to distribute data to new and under-served markets. Founded in 2014 and led by CEO James Slifierz, SkyWatch will use the funds raised for hires, product development and partnerships.
2 min read · 01 February 2018
Caisse de dépôt et placement du Québec and French private equity firm Ardian have acquired a “significant” stake in Alvest SAS, a Paris-based developer, producer, distributor and supporter of airport ground support equipment. No financial terms were disclosed. The seller of the interest was Sagard Private Equity Partners, which acquired Alvest in 2015. Established in 2006, Alvest operates 10 factories in the United States, Canada, France and China.
4 min read · 01 February 2018
Caisse de dépôt et placement du Québec and French private equity firm Ardian have acquired a "significant" stake in Alvest SAS, a Paris-based developer, producer, distributor and supporter of airport ground support equipment. No financial terms were disclosed. The seller of the interest was Sagard Private Equity Partners, which acquired Alvest in 2015. Established in 2006, Alvest operates 10 factories in the United States, Canada, France and China. Stéphane Etroy, executive vice president and head of private equity at the Caisse, said the Canadian pension fund and Ardian will back the company's future growth in new and existing markets.
4 min read · 01 February 2018
Platterz Inc, a Toronto-based corporate catering platform, has raised $15 million in a Series A financing. The round was led by Israeli venture capital firm Aleph Capital, whose Aaron Rosenson will join the board. Aleph was joined by existing investors, including AltaIR Capital and Globalive Capital, which backed the company’s seed funding last year. Founded in 2016 by CEO Eran Henig and President Yishay Waxman, Platterz uses artificial intelligence to provide catering options for office lunches, meetings and events.
3 min read · 01 February 2018
Airline pricing and shopping data provider Airline Tariff Publishing Co (ATPCO) has bought Routehappy Inc, a New York-based software company that provides the airline industry with data, content and tools to improve flight shopping. No financial terms were disclosed. Dulles, Virginia-based ATPCO said the deal broadens its value to the entire airline distribution ecosystem by enabling rich content. Founded in 2011, Routehappy was backed by several investors, including Canadian venture capital firm iNovia Capital.
4 min read · 01 February 2018
Platterz Inc, a Toronto-based corporate catering platform, has raised about $18.5 million (US$15 million) in a Series A financing. The round was led by Israeli venture capital firm Aleph Capital, whose Aaron Rosenson will join the board. Aleph was joined by existing investors, including AltaIR Capital and Globalive Capital, which backed the company's seed funding last year. Founded in 2016 by CEO Eran Henig and President Yishay Waxman, Platterz uses artificial intelligence to provide catering options for office lunches, meetings and events. The company, which reports tripling its revenue in 2017, will use the funds raised for product development and growth.
4 min read · 01 February 2018
