2023 Western Canadian Transaction Activity

Good afternoon,

This is ElkLake Partners' first annual transaction report covering private company deals in Western Canada for 2023. By monitoring press releases, news outlets, and proprietary sources, we have prepared the following summary. Our goal is to share this information to foster greater transparency and establish ourselves as a leading source for information on private company transactions.

Below is a selection of notable transactions for 2023: ?

On December 28, High Arctic Energy Services Inc., based in Calgary, AB, acquired Delta Rental Services Ltd. which is a privately owned rentals company headquartered in Red Deer, AB. Delta is focused on pressure control equipment and equipment supporting the stimulation of oil and gas wells.

On November 14, Edmonton based Stantec, acquired Bochum, Germany-based firm ZETCON Engineering. ZETCON, a firm with 645 employees, is focused on infrastructure planning, inspection, and project management. European expansion has been a long-standing ambition for Stantec, and this transaction is expected to position the company to meet what CEO Gord Johnston describes as the “massive infrastructure needs over the coming years”.

On November 3, Inline Group Inc., based in Edmonton, AB acquired JASA Engineering headquartered in Calgary, AB. Inline provides geotechnical and geomatics services on major projects across the mining, energy, infrastructure, petrochemical and power generation sectors. This acquisition is expected to allow Inline to grow with its customers.

On October 11, Dick’s Lumber a subsidiary of RONA Inc., acquired Balzac, AB-based ZyTech Building Systems. ZyTech is a leader in the manufacturing and distribution of building components and engineered wood products, such as roof and floor trusses. This acquisition marks the first strategic move for Dick’s Lumber under the ownership of the New York-based private equity firm, Sycamore Partners.

On September 11, Vancouver, BC based Krystal Growth Partners acquired Stonz Wear Inc., based in Vancouver, BC. Stonz Wear is an innovative brand of all-weather kids footwear and apparel.

For a complete summary of the transactions that took place over the year,

please click the table below:

ElkLake Partners Inc. exists to be a catalyst for transformational events that make private companies stronger, more resilient and more capable to grow beyond what they thought was possible. We believe that this will ultimately benefit shareholders, employees, our society and?our country.

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Written by: Mark Vodden [email protected]