Mar. 15, 2024 – The Hoffmann Family of Companies (HFOC), a US-based family-owned private equity firm, has acquired majority ownership of CDN Controls Ltd. (CDN) a leading player in electrical and instrumentation maintenance, automation, communication and renewable/solar services. CDN operates across 10 branches in Canada and the US, employs over 700 professionals and manages an expansive fabrication facility.
The Hoffmann Family of Companies is committed to providing CDN Controls with access to capital, new market opportunities and supporting their accelerated growth. The acquisition is aimed at fostering CDN’s autonomy, fortifying its business and creating avenues for seizing new opportunities.
“Hoffmann Family’s decision to purchase CDN was rooted in the alignment of values, culture and business acumen,” said Geoff Hoffmann, Co-CEO of HFOC. “We see our role as a catalyst for CDN’s continued growth rather than an agent of change, preserving CDN’s strategic and daily operational autonomy.”
“When we started CDN in 2011, we wanted to create an industry dominator – a business fueled by performance and anchored by strong core values,” said Dean Fraser, CEO, and Nick Stewart, COO, both original founders of CDN. “An investment from the Hoffmann Family of Companies will allow our business to seize newer and bigger opportunities. On the horizon are significant opportunities to put our services to good use in the global energy transition—specifically massive improvements and innovations to global energy infrastructure. As the demand grows for large-scale players to undertake this work, the Hoffmann Family of Companies will help to position CDN in that space.”
The CDN Executive Team will be comprised of Dean Fraser, serving as Chief Executive Officer (CEO) & Founder, Nick Stewart as Chief Operating Officer (COO) & Founder, David Gillett as Chief Financial Officer (CFO) and Susan Borrows as Chief People & Corporate Services Officer (CPCSO).
Stormont acted as the exclusive financial advisor to the CDN shareholders, in performing the following activities:
