Oaktree wraps up $320 mln take-private acquisition of Napec
U.S. alternative investment firm Oaktree Capital Management has closed its acquisition of Napec Inc (TSX: NPC), a Drummondville, Québec-based provider of construction and maintenance services to the public utility and heavy industrial markets. The previously announced deal, valued at $320 million, was supported by Fonds de solidarité FTQ, the company’s largest shareholder. As a result, Napec will be de-listed on or about February 16. Founded in 1978, Napec's Canadian and U.S. operational affiliates are, respectively, Thirau Inc and Riggs Distler & Co Inc.
14 February 2018•3 mins read
