We are pleased to announce the sale of our client, Axial Inc. to Creo Tech Industrial Group. The acquisition closed July 30, 2021.
Axial, Inc. (Axial), located in Calgary, Alberta, Canada, operates a group of companies that provide Engineering, Procurement, and Construction (EPC) services focused on industrial automation projects for clients in a wide variety of industries. These companies have established markets throughout Canada, the U.S., and other international markets. The Axial companies have significant industry technological capabilities in electrical, instrumentation, mechanical and civil disciplines, and offer full procurement and turnkey construction, in both new construction and retrofit environments.
Located in Surrey, British Columbia, Canada, Creo Tech Industrial Group (Creo) is a group formed to acquire profitable, reputable and leading Design, Engineering & Procurement firms (DEP), as well as cutting-edge fabricators and constructors to build a mid-market, full-service DEP group of companies focused on industrial automation. They design and engineer to feed their manufacturers, fabricators and constructors with high value industrial construction and automation projects.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Senior M&A Advisor, Ted Rattenberry, with support by Sr. Managing Director - Western Region, Lori Galloway, closed the transaction. Senior Managing Director, Ashok Tandon established the initial relationship with Axial.
“Axial was the key strategic fit for Creo-Tech’s corporate acquisition program which would lead to synergies among all of the companies in the group. Therefore, all parties were excited to complete the transaction and move forward with the overall integration and growth plan,” said Rattenberry.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Healthcare & Life Sciences M&A Deals page.
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