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Magna Electric Corporation

Sequeira Partners acted as advisor to Magna Electric Corporation in its sale to Shermco Industries, a portfolio company of Oaktree Capital Management.

Description of Transaction

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.

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.

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Magna Electric Corp Transaction

Province

Saskatchewan

Sector

Industrial

Service

Sell-Side

Contact

  Ken Tarry

Contact Ken

Location

  • Edmonton
  • Sell-Side Mergers and Acquisitions Advisory
Magna Electric Corporation - Sequeira Partners

Edmonton

2701, 10104 – 103 Ave
Edmonton, AB, T5J 0H8

info@sequeirapartners.com
Office: 780-633-5200
Fax: 1-877-790-6172

Calgary

400, 520 - 5th Ave SW
Calgary , AB, T2P 3R7

info@sequeirapartners.com
Office: 587-352-2500
Fax: 1-877-790-6172

Vancouver

1680, 400 Burrard Street
Vancouver BC V6C 3A6

info@sequeirapartners.com
Office: 604-687-5300
Fax: 1-877-790-6172

Alliance of International Corporate Advisors (AICA)

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