In June 2011, Value Point Capital (“Value Point”) acquired a majority equity interest in Buffalo Inspection Services (“Buffalo”), a leading Western Canadian provider of Non-Destructive Testing Services.
Stormont acted as the exclusive financial advisor to the shareholders of Buffalo Inspection in executing a Management Buyout, as follows:
- Supported minority shareholder in buying out major shareholders
- Identified suitable target sources of Private Equity
- Managed the process with multiple counter-parties
- Negotiated commercial terms with Value Point
- Managed due diligence
- Closed the transaction
This transaction provided the major shareholders of Buffalo with a liquidity event as well as a growth-oriented partner to support the company’s ambitions to further expand operations across Western Canada.
