Quantum buys Apache Industrial Services, merges with Skyway
Canadian private equity firm Quantum Capital has acquired Apache Industrial Services Inc, a Houston, Texas provider of multi-craft industrial services, including scaffolding, coatings and linings, refractory, fireproofing and insulation. No financial terms were disclosed. As part of the deal, Apache has been combined with Skyway Canada Ltd, a Toronto scaffolding and shoring solutions company backed by Quantum. The merged business will have revenue of US$500 million, Apache said. Quantum, which invests on behalf of Canadian-Australian businessman Jack Cowin, acquired Skyway in 2007 for $84 million.
3 February 2017•3 mins read
