Sequeira Partners acted as exclusive financial advisor to NorTerra Inc. in the sale of its subsidiary Northern Industrial Sales Ltd. to Tenaquip Limited. The transaction closed in September 2016.
Description of Transaction
Sequeira Partners was engaged by NorTerra Inc. to assist with the divestiture of Northern Industrial Sales Ltd., a non-core operating entity. The Sequeira team assisted NorTerra through a targeted sale process including initial valuation, preliminary negotiations, pricing, due diligence, and negotiation of final transaction terms. The sale of the operating entity to Montreal, Quebec based Tenaquip Limited allowed NorTerra Inc. to monetize their investment in the business.
Located in Edmonton, Northern Industrial Sales has over 120,000 available industrial, safety, janitorial and building supply items and access to over 500 global manufacturers. NIS has over 60 years of experience doing business in challenging environments for customers in mining, oil & gas, forestry, government and community business sectors. Their branches are strategically located in North-Central BC, Alberta, Yukon, the Northwest Territories and Nunavut.
NorTerra Inc. is an Inuit owned investment and management company, headquartered in Edmonton.
Founded in 1968 by Ken Reed, Tenquip Limited continues to be a Canadian owned and operated organization offering state-of-the-art industrial and occupational health and safety products sourced from around the globe. With over 325 employees, Tenaquip serves the Canadian industry from coast to coast.
Province
Alberta
Sector
Diversified
Service
Sell-Side, Corporate Carve-Out
Contact
Julie Afansiff