Mosaic Capital buys Cedar Infrastructure Products for $18.3 mln
Canadian private equity firm Mosaic Capital Corp has acquired a 75 percent interest in Cedar Infrastructure Products Inc for about $18.3 million. Based in Vaughan, Ontario, Cedar is a distributor of municipal iron castings, concrete pipe, pre-cast products and other specialty materials to service the road, water and sewer infrastructure and residential construction industries. Matthew Genovese and Tony Maio, the company's founders, said the deal will help grow Cedar's product line, customer base and geographic footprint. Cedar is Calgary-based Mosaic's second acquisition to date in Ontario.
2 May 2017•3 mins read
