Soon-to-be PE-owned Napec to acquire HTS assets
Napec Inc (TSX: NPC), which in December agreed to be bought by Oaktree Capital Management, has agreed to acquire the assets of H.T. Sweeney & Son Inc (HTS), a Brookhaven, Pennsylvania-based heavy civil construction business. The deal, expected to close next month, will see Napec buy HTS for US$18 million, subject to adjustments. Napec, a Drummondville, Québec-based provider of construction and maintenance services to the public utility and heavy industrial markets, said the acquisition will allow it to vertically integrate its heavy civil services. Oaktree said it would buy Napec for about $320 million. The deal expected to close in Q1 2018.
22 January 2018•3 mins read
