Hangingstone Ventures has been acquired by Infracon Construction
The shareholders of Hangingstone Ventures Ltd. (HSV) have sold the company to Infracon Construction Inc.
HSV is a hydro-vac and air-vac service company operating in western Canada with locations in Alberta and British Columbia, efficiently mobilizing crews and equipment to its clients’ work sites. HSV provides single-axle and tri-axle hydro-vac services and air excavation technology to a wide range of clients in the infrastructure, pipeline, utility and oil and gas industries.
Based in British Columbia, Infracon is a group of specialty construction companies involved in the heavy civil, pipeline, welding and construction materials business in western Canada. It is one of the fastest growing construction groups in the country, with a year-over-year average revenue growth of over 65%. The group has grown from revenues of under US$30 million in 2018 to over US$180 million in 2022.
Oaklins’ team in Canada acted as the sole sell-side financial advisor in this transaction.
Greg MacMillan
Founder and Owner, Hangingstone Ventures Ltd.
Talk to the deal team
Related deals
Hemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreCTSL Group has been acquired by Celnor Group and Seed Environmental
CTSL Group has joined forces with Seed Environmental, with the support of Celnor Group, to strengthen collective expertise in environmental services and remediation.
Learn moreMaturix has joined Saint-Gobain to strengthen digital construction chemicals platform
Maturix, a leading provider of real-time monitoring solutions for the concrete industry, has been acquired by Saint-Gobain as part of the group’s strategic expansion of its digital construction chemicals platform.
Learn more