Description of Transaction
When MEC’s owners were seeking a financial partner for next phase of growth, Sequeira Partners was hired to provide transaction structure advisory and assist in negotiating the sale to Shermco Industries of Dallas, Texas, a portfolio company of Oaktree Capital Management, in December 2013.
The combination of MEC and Shermco creates the largest independent electrical testing and maintenance service company in North America.
Magna Electric Corporation (MEC)
Magna Electric Corporation (MEC) provides project solutions including electrical engineering, consulting and design, electrical construction, manufacturing, and field testing and commissioning services. A prominent Saskatchewan company, MEC has experienced significant growth in recent years driven by the expansion of the infrastructure, mining and the energy sectors in western Canada and the U.S.