HALIFAX, Feb. 11, 2013 /CNW/ - SeaFort Capital Inc. ("SeaFort")
announced today that portfolio company A.W. Leil Holdings Limited
("A.W. Leil") has acquired the business and operating assets of
Partners Cranes. Based in Pictou, Nova Scotia, with additional offices
in Dartmouth, Nova Scotia and North Sydney, Nova Scotia, Partners is an
established Atlantic Canadian crane rental and lift services business.
The acquired assets include 23 cranes and additional support and
Larry MacDonald, general manager of A.W. Leil, commented "The Partners
acquisition significantly expands our fleet and adds further depth to
our team of highly trained and dedicated managers, operators and
support personnel. A.W. Leil is committed to providing the best
possible service to customers, and this transaction enhances our
ability to deliver. "
Moodie Mansour, former owner of Partners Cranes, stated "Partners has
been in the crane service business since 1989. During this time I have
had the opportunity to build an excellent team and a wonderful roster
of customers. I am confident that A.W. Leil will draw on the best
practices of both businesses to provide a strong service offering
throughout the region. I wish them all the luck in the world."
Rob Normandeau, President of SeaFort Capital, commented "We are pleased
to make a further investment in A.W. Leil in support of a strategic
acquisition that we believe sets the stage for additional measured
expansion. We commend Larry MacDonald, Robert Fraser and the entire
management group for having completed this important transaction. It
was an honor to deal with Mr. Mansour and it is exciting to be able to
welcome the Partners employees to the A.W. Leil team."
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 targets 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