Mosaic-backed Place-Crete buys asbestos abatement company
Place-Crete Systems LP has bought Associated Asbestos Abatement Ltd, a Regina, Saskatchewan specialist in the removal of asbestos, mould and related substances. No financial terms were released. Place-Crete, a provider of a range of construction materials and services across Western Canada, will gain additional exposure to the Saskatchewan market with the deal. St. Albert, Alberta-based Place-Crete is a portfolio investment of Canadian private equity firm Mosaic Capital Corp. Mosaic acquired a 75 percent interest in the company for $18 million in September 2014.
12 January 2017•2 mins read
