Sequeira Partners acted as exclusive financial advisor to Seacliff Group, the shareholder of Arctic Arrow Holdings Ltd. (“Arctic Arrow”), on the sale of their interest to Java Holdings Ltd. (“Java”).
The transaction closed in June 2022:
Description of Transaction
Sequeira Partners was engaged by the shareholder of Arctic Arrow to assist with the divestiture of their ownership of the business. The Sequeira team advised Arctic Arrow through a sale process including initial valuation analysis, the marketing process; negotiating deal terms, transaction structure and consideration; managing the due diligence process and negotiating final transaction terms.
The sale of Arctic Arrow to Java allowed Seacliff Group to monetize their investment, while providing Java continued momentum as they bolster their utility presence in Canada with an eye on expansion in to further markets both east and south. The acquisition of Arctic Arrow adds key expertise, equipment and tooling to their expanding utility focused portfolio.
Arctic Arrow is a Canadian owned and operated, full-service transmission, distribution, and design powerline consultant and contractor that is equipped to handle all overhead and underground power projects from private sector services to large joint venture corporate partnerships. With operational experience working in some of the toughest climates and conditions in Western Canada, Arctic Arrow has provided industry leading construction solutions to its utility clients in British Columbia, Alberta, the Yukon and Northwest Territories for over 40 years.
JAVA Holdings Ltd. is a privately held, family run utility entity with proven capabilities in deep civil foundation solutions, powerline construction (distribution and transmission), site servicing, substation construction, high voltage commissioning, street lighting construction and maintenance, and hydro generation (80 MWs). With EPCFM capabilities (engineer, procure, construction, finance and maintenance), the family is actively involved with all twelve of their businesses. The family’s group of companies spans seven countries and utilizes extensive technical expertise and capabilities to complete some of the largest and most complex projects in the industry. JAVA Holdings supports each of its companies through an expansive resource base of 1,250 people, 800 pieces of specialized modern machinery, 475 vehicles and 17 shops, yards and offices. Most recently, JAVA has expanded into geomatic services (UAV/Lidar/Mobile Scanning/3D Modeling/AI) which will revolutionize the Firm’s ability to successfully execute on utility projects.