NorthSpring funds ComTech's acquisition of PRIVEQ-backed Kraus
ComTech Energy has acquired a controlling interest in Kraus Global Ltd, a Winnipeg-based supplier of alternative fuel dispensing equipment and solutions. Terms weren't released for the deal, which was backed by undisclosed subordinated debt financing from Canadian private equity firm NorthSpring Capital Partners. NorthSpring invested in ComTech two years ago. Kraus is a portfolio investment of Canadian private equity firm PRIVEQ Capital Funds. In 2015, PRIVEQ led a management buyout of the company, deploying $6.2 million. ComTech, a Milton, Ontario-based designer, builder and maintainer of compressed natural gas fuelling infrastructure, said the acquisition positions it strategically in the global alternative fuels industry.
26 August 2019•3 mins read
