Sequeira Partners acted as exclusive financial advisor to Camex Equipment Sales & Rentals Inc. (“Camex”) in the sale of its Vacuum Industrial Products Division (“VIP”) to Clean Harbors, Inc. (“Clean Harbors”). The transaction closed in October 2017.
Description of Transaction
Sequeira Partners was engaged by Camex to assist with the divestiture of its Vacuum Industrial Products Division, a non-core operating entity. The Sequeira team assisted Camex through a targeted sale process including initial valuation, preliminary negotiations, pricing, due diligence, and negotiation of final transaction terms including a manufacturing and shared services supply agreement.
The sale of the operating entity to Clean Harbors allows Camex to focus on its core business while allowing Camex to remain the exclusive dealer of VIP products under a manufacturing supply and shared service agreement with Clean Harbors.
For over 25 years, Camex has served customers throughout Alberta, North America and beyond, delivering the right vehicles and equipment faster, and with the financial flexibility customers need. Camex specializes in providing vehicles and equipment to the oil & gas, mining, pipeline, infrastructure and environmental sectors. Camex has more industry-specific equipment in stock than anyone, and is equipped to custom build trucks and trailers for unique and demanding applications.
Clean Harbors is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500 companies, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. Founded in 1980 and based in Massachusetts, Clean Harbors operates throughout the United States, Canada, Mexico and Puerto Rico.