Canadian mid-market private equity firm Fulcrum Capital Partners has invested in Media Resources Inc, an Oakville, Ontario-based provider of outdoor and indoor LED displays, sign installation and maintenance, large format digital printing and 3D fabrication for the billboard, commercial sign, sports and media industries. No financial terms were disclosed. The deal, which will support the company's organic and acquisition-led growth, marks the tenth platform investment of Fulcrum Capital Partners V, which raised $344 million in 2015.
3 min read · 07 October 2019
2 min read · 07 October 2019
2 min read · 07 October 2019
3 min read · 04 October 2019
Relogix, an Ottawa-based workspace analytics platform and Internet-of-Things (IoT) sensor technology company, has closed its Series A financing, raising $4 million. The investors included BDC Capital’s Industrial, Clean and Energy Technology Venture Fund, Mistral Venture Partners and GroundBreak Ventures. Founded in 2010 by CEO Andrew Millar, Relogix provides its solutions to corporate real estate organizations.
2 min read · 03 October 2019
Metro Supply Chain Group, a Montréal-based provider of third-party logistics, has agreed to acquire Custom Delivery Solutions, a Calgary-based provider of white glove direct-to-home delivery. Terms weren't disclosed. Metro said the deal will expand its coverage of the Canadian last-mile home delivery market. Earlier this year, Metro secured growth capital from Caisse de dépôt et placement du Québec (CDPQ), adding to an investment made in 2018.
2 min read · 03 October 2019
2 min read · 03 October 2019
3 min read · 02 October 2019
Teekay Offshore Partners LP (NYSE: TOO), a Hamilton, Bermuda-based midstream services provider to the offshore oil industry, has accepted an offer from the private equity group of Brookfield Asset Management to acquire publicly held common units not already owned by the investor. Brookfield will pay US$1.55 in cash per unit, up from a US$1.05 offer made earlier this year. In 2017, Brookfield acquired 60 percent of Teekay Offshore from Teekay Corp (NYSE: TK), a Vancouver-based marine energy transportation, storage and production business, for US$750 million.
4 min read · 01 October 2019
7shifts, a Saskatoon-based provider of restaurant employee scheduling solutions, has secured $7.9 million (US$6 million) in financing. Napier Park Financial Partners, which led the company's $13.4 million Series A round earlier this year, also led the supplementary round. It was joined by existing investor Relay Ventures and new investor Conexus Credit Union. 7shifts will use the new funds raised to expand its North American restaurant footprint.
3 min read · 01 October 2019
