Napec to be acquired by Oaktree Capital for $320 mln
Napec Inc (TSX: NPC) has agreed to be acquired by U.S. alternative investment firm Oaktree Capital Management. The deal, expected to close in Q1 2018, is valued at about $320 million, including debt. The Fonds de solidarité FTQ, Napec's largest investor, with about 19 percent of shares and warrants outstanding, indicated it will vote in favour. Established in 1978, Drummondville, Québec-based Napec and its affiliates build and maintain utility electrical and natural gas transmission and distribution systems and related energy infrastructure. Led by President and CEO Pierre Gauthier, it operates primarily in Québec, Ontario and the eastern United States.
4 December 2017•6 mins read
