Hillcore Group completes MBO deal with Academy Fabricators

Canadian private investment firm Hillcore Group has acquired Academy Fabricators Group, an Edmonton-based pipeline and pipe spooling fabricator. No financial terms were disclosed for the deal, which facilitated a buyout of the company by the management team. Ryan Bourke, who founded Academy in 1995, will be turning over the presidency role to Dustin Medori, who is currently a vice president. Hillcore specializes in acquiring industrial businesses in Canada, with a particular emphasis on supporting management buyouts. It bought Abacus Private Equity in 2012.

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