Deal In Brief
Shawcor Ltd, a global energy services company that provide services for the pipeline and pipe services segment of the oil and gas industry, has sold Guardian Mexico entity in Canada to an undisclosed buyer
The company also announced the closure of its CSI Services entity in Western Canada, which in combination of Guardian Mexico entity accounted for roughly C$8.6 million of revenue and C$0.4 million of EBITDA in the last twelve months, as at September 30, 2021
The acquisition will enable Shawcor to expand and modernize its manufacturing capabilities in the Greater Toronto Area.
| Deal Type | Acquisition |
| Sub-Category | 100% Acquisition |
| Deal Status | Completed: 2021-11-29 |
Deal Participants
| Target (Company) | Undisclosed Company |
| Acquirer (Company) | Undisclosed Acquirer |
| Vendor (Company) | ShawCor Ltd. |
Deal Rationale
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