Combination will create new opportunities and platform for improved
TORONTO, Aug. 22 /CNW/ - The Plan Group announced today its acquisition
of Delta Mechanical Ltd., a leading GTA-based mechanical contractor, for an
undisclosed sum. The Plan Group is one of Canada's largest privately held
electrical contractors and an industry leader in the construction and
maintenance of electrical, mechanical, structured cabling, network design and
professional services and life safety systems.
"This acquisition represents a significant step for Plan Group in its
strategy to accelerate growth in our mechanical contracting platform and
provide a better, more comprehensive service offering to our many customers"
said Bill Kurtin, company CEO and principal shareholder.
The business of Delta Mechanical Ltd., together with all of its
employees, will now become part of the Plan Group's mechanical division under
the management of Blair McDonnell, former owner of Delta Mechanical Ltd.
Aon M&A Transaction Advisory Group, a division of Aon Reed Stenhouse
Inc., assessed, arranged, structured and provided strategic advice to Plan
Group for this transaction.
For further information:
For further information: William Kurtin, CEO, The Plan Group, (416)
635-9635 X 342; Michele Middlemore, Vice President, Aon M&A Transaction
Advisory Group, 1-866-531-4209