2015-08-13

Manac Inc., a North American leader in the design and manufacture of specialty trailers, has entered into an agreement to be bought by a consortium composed of Placements CMI Inc. (CMI), Caisse de dépôt et placement du Québec (CDPQ), Fonds de solidarité FTQ (FSTQ), Investissement Québec (IQ) and Fonds Manufacturier Québécois II s.e.c. (FMQ).

The transaction represents a total enterprise value of approximately $186 million, including the assumption of existing indebtedness.

CMI is a holding company controlled by Manac’s founder Marcel Dutil, while CDPQ and FSTQ are current shareholders of Manac.

Manac will maintain its head office and main production plant in the Province of Québec and continue to support its business relationships in Canada and the United States where it currently conducts operations.

Charles Dutil, the Manac’s current President and Chief Executive Officer, will remain President and Chief Executive Officer as well as a director of Manac in connection with the proposed deal.

Press release.

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