Calendar year 2018 is off to a great start for our team with three transactions closed in recent weeks. In B.C., we represented ES3 Insurance Services Ltd. on its sale to HUB International. In Alberta, we represented Noralta Lodge on the sale to Civeo (NYSE:CVEO) and Cervus Equipment (TSX:CERV) on the sale of its Construction Dealership Group to Calmont Group.
Q1 2018 was a strong quarter for mid-market transactions in general. Within the industrial, diversified and oilfield services segments, Q1 saw 90 disclosed transactions where either the target company or the buyer were Canadian. Of the 90 transactions, 84% were in the Industrial & Diversified sector, 16% were in the Energy Sector.
There were 10 transactions in the Industrial & Diversified sector where the target company was based in B.C. The majority of these targets were in the insurance and environmental industries.