Métal 7 bought by PE group led by NCP Investment Management
Canadian private equity firm NCP Investment Management has led an investor group to buy specialized manufacturer Métal 7 Inc. The acquisition price was not disclosed. Joining NCP in the deal was the Business Development Bank of Canada, Fondaction CSN, Fonds de solidarité des travailleurs du Québec FTQ and other minority investors. Proceeds of the transaction will support Metal 7's further expansion as a designer and producer of high-performance equipment for primary industries. Founded in 1974, the company is based in Sept-Îles, Québec. With offices in Montréal, Québec City and Victoria, British Columbia, NCP makes private equity investments in partnership with companies to improve operations and scale platforms.
11 April 2014•4 mins read
