TORONTO, Nov. 28, 2017 /CNW/ - FirePower Capital ("FirePower"), Canada's entrepreneurial mid-market investment bank and investor, is pleased to announce it advised Fuller Industrial Corporation ("Fuller"), an Ontario-based pipe spool fabrications and rubber lining manufacturer, on its merger with ACR Group Incorporated ("ACR"), an Alberta-based manufacturer of wear- and impact-resistant products.
The merger, which closed on September 28, 2017, will combine the two companies to create ACR Fuller, a leading manufacturer of piping systems and corrosion and abrasion control solutions for the North American market.
Fuller engaged FirePower to assist with the transaction, primarily negotiating deal terms and managing the deal process post-offer. Jeff Fuller, President of Fuller, "On the surface, and at first, buying ACR was a simple asset purchase. But, as it often happens in deals, complexity increases the further you dig, and adding to our transaction team was the right thing to do. FirePower made an invaluable contribution to ensuring our merger with ACR was done right."
"To have supported such a strategic match between Fuller and ACR is very exciting," said Ilan Jacobson, Founding Partner and CEO of FirePower. "Coming together makes the two firms far more able to withstand the current headwinds in their sectors, and positions them better to take advantage of more opportunities."
Fuller is a specialized supplier of carbon steel pipe spool fabrications and rubber lining products. The company supplies bulk pipe, fittings, valves and piping products to customers world-wide. www.fullerindustrial.com
For over 50 years, ACR has manufactured wear- and impact-resistant products, specializing in solutions involving abrasion, temperature or chemical concerns. www.acrgroup.ca
FirePower is the investment banking and private capital firm built for Canada's entrepreneurs, helping mid-market businesses complete mission-critical transactions. www.firepowercapital.com
SOURCE FirePower Capital
For further information: Ilan Jacobson, Founding Partner & CEO, (647) 288-3333, email@example.com