Trends in distribution mergers and acquisitions in Canada are generally focused on companies that serve the oil and gas industries, according to panelists in our recent Webcast, Distribution M&A 2008 Update: Value Redefined in a Tough Market.”
Jim Miller of Supply Chain Equity Partners told participants that distributors are looking to establish footholds in Western Canada or build on existing business there. PCE Investment Bankers’ Jon Skelly agreed, adding that there are risks right now in expanding north of the border. Commodity prices -such as steel -have spiked and exchange rates have grown unfavorable to U.S. businesses buying in Canada. “You acquire a company today at a one-to-one ratio and then all of a sudden exchange rates go back to where they where,” he said. …
Canada M&A Trends Focused on Oil & Gas Sector
Trends in distribution mergers and acquisitions in Canada are generally focused on companies that serve the oil and gas industries, according to panelists in our recent Webcast, Distribution M&A 2008 Update: Value Redefined in a Tough Market.”
Jim Miller of Supply Chain Equity Partners told participants that distributors are looking to establish footholds in Western Canada or build on existing business there. PCE Investment Bankers’ Jon Skelly agreed, adding that there are risks right now in expanding north of the border. Commodity prices -such as steel -have spiked and exchange rates have grown unfavorable to U.S. businesses buying in Canada. “You acquire a company today at a one-to-one ratio and then all of a sudden exchange rates go back to where they where,” he said. …
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- Filed In: Finance, Free, Mergers & Acquisitions, Subscriber Only
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