ONCAP, Caisse de dépôt to back merger of EnGlobe, LVM
EnGlobe Corp and LVM Inc have agreed to combine in a bid to create the largest Québec-based provider of integrated environmental and technical services. The deal, which is expected to close in the second quarter, is being led by Canadian private equity firm ONCAP Management Partners with the support of the Caisse de dépôt et placement du Québec. The Québec City-based EnGlobe is currently a portfolio company of ONCAP, the mid-market platform of Onex Corp. ONCAP made an initial investment in EnGlobe in 2006, and subsequently partnered in the company's acquisitions and its go-private transaction in 2011. EnGlobe is also a portfolio company of Canadian specialty finance firm Wellington Financial LP. LVM has its headquarters in Laval.
10 April 2014•4 mins read
