Mosaic agrees to buy 70% interest in Alberta energy services company
Canadian private equity firm Mosaic Capital Corp has agreed to acquire a 70% interest in an unnamed provider of site maintenance services and civil construction to Alberta's energy sector. The firm partnered with members of the company's management team, who will hold the remaining 30% interest. Mosaic's cost of acquisition includes $12.6 million in cash, the assumption of $4 million of debt, and up to $3.5 million in contingent consideration over the next three years, subject to the company meeting certain financial targets. The deal is expected to close in June.
20 May 2014•5 mins read
