HALIFAX, Nov. 20, 2012 /CNW/ - SeaFort Capital Inc. ("SeaFort") announced today that it has partnered
with senior managers Larry MacDonald and Robert Fraser to acquire A.W.
Leil Holdings Limited and its related operating entities (together,
"A.W. Leil"). Established in 1958, A.W. Leil is a leading Atlantic
Canadian crane rental and lift services business. The company operates
a fleet of over fifty cranes under the trade names A.W. Leil, Sagadore
Cranes and Cape Breton Cranes, and has five offices and over sixty
Rob Normandeau, President of SeaFort, commented "We are excited to
invest in an established Nova Scotia business alongside experienced and
dedicated operating partners. A.W. Leil boasts a committed group of
skilled employees and a modern fleet of cranes. We intend to continue
the legacy that Allison Leil Sr. and his family have established
through decades of reliable performance."
Larry MacDonald, General Manager and shareholder of A.W. Leil offered
"Robert Fraser and I are very pleased to partner with SeaFort. We will
continue to run the business out of our Pictou County head office, but
will now have access to advice and assistance from SeaFort on matters
related to A.W. Leil's strategic direction and future growth. We share
a strong commitment to safety and a belief in excellent customer
service. This transaction will provide a seamless transition to a new
ownership structure, which is great news for employees and for
Allison Leil Sr. added "Over the last 54 years, I have taken great pride
in my business, developing a personal connection to each employee and a
deep familiarity with every piece of equipment. I am pleased to see
SeaFort partner with Larry and Robert to acquire the company. I am
confident that they will treat our people fairly and uphold our values
as they work to grow and develop the business."
Halifax-based SeaFort Capital makes controlling investments in small and
medium sized Canadian businesses and partners with experienced managers
to build value. SeaFort is a private company governed by the following
directors: Scott Brison, Scott McCain, Michael Milligan, Rob
Normandeau, Donald Sobey and Rob Sobey. SeaFort looks to invest in
Canadian companies with earnings of between $2 million and $10 million
that have a strong tangible asset base and operate in an "old economy"
industry, such as manufacturing, distribution or equipment services.
SOURCE: SeaFort Capital Inc.
For further information:
SeaFort Capital Inc.
Phone: (902) 407-3477