Kilmer Capital Group sells interest in Unisync to ComWest
ComWest Enterprise Corp (TSXV: CWP) has agreed to buy a 100 percent equity interest in Unisync Group Ltd, a portfolio company of Canadian private equity firm Kilmer Capital Partners. The deal is valued at $13 million, including debt. Existing investors in Unisync may receive a further payment of up to $2 million subject to the award of business that Unisync expects to bid on in 2015. Upon completion of the deal, the company will be combined with ComWest's Peerless Garments LP. Based in Mississauga, Ontario, Unisync is a provider of uniforms, work wear, image apparel and related products. It was acquired by Kilmer in 2003. The Toronto-based Kilmer will continue to hold an interest in the business.
26 June 2014•7 mins read
