Sequeira Partners acted as exclusive financial advisor to the Redco Group of Companies (“Redco” or “the Company”) on its partnership with Industrial Growth Partners (“IGP”).
Description of Transaction
Sequeira Partners was engaged to assist Redco in identifying the best-fit partner to allow the shareholders to monetize a portion of their investment in the Company and help the business through it’s next phase of growth. The Sequeira team provided advisory assistance throughout the transaction including providing an initial valuation; identifying value added financial sponsors; negotiating preliminary deal terms, structure, and consideration; managing the due diligence process and negotiating final transaction terms.
The partnership with IGP allows the Redco shareholders to monetize a portion of their investment in the business while also allowing ongoing participation as the Company looks to execute on their next phase of growth.
Headquartered in Edmonton, Alberta, Canada, Redco is the leading independent player within the Canadian pressure control equipment market. The Company provides a full suite of wellhead, frac completion products, and related services for blue-chip, oil and gas operators and differentiates itself from the competition through its breadth of products, reputation for quality, and outstanding field service capabilities. The Company supports its diverse and growing customer base through a network of ten facilities across Saskatchewan and Alberta.
Industrial Growth Partners, founded in 1997, is a San Francisco-based specialist private investment partnership with $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial sector in partnership with management teams.