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.
“We retained Oaklins as our advisor as we believed their knowledge of the industry and their relationships with buyers would make a difference in the sale process of our company. With hindsight, we made the right choice as they delivered exceptional services through the sale process, and were able to bring to the table the right acquiror for our company. Overall, we were highly satisfied with the services provided by Oaklins.”
For å gi den beste opplevelsen, bruker vi informasjonskapsler for å lagre og/eller få tilgang til enhetens informasjon. Ved å samtykke til bruken av disse, får vi tillatelse til å behandle data som nettleseratferd eller unike IDer på dette nettstedet. Å ikke samtykke eller trekke tilbake samtykke kan ha negativ innvirkning på visse funksjoner.
Funksjonelle
Alltid aktiv
Teknisk lagring eller tilgang er strengt nødvendig for det legitime formålet å muliggjøre bruk av en spesifikk tjeneste som eksplisitt er ønsket av abonnenten eller brukeren eller med eneste formål å overføre en kommunikasjon over et elektronisk kommunikasjonsnettverk.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistiske
Teknisk lagring eller tilgang som utelukkende brukes til statistiske formål.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Markedsføring
Teknisk lagring eller tilgang er nødvendig for å opprette brukerprofiler for å sende reklame, eller for å spore brukeren på et nettsted eller på tvers av flere nettsteder, for lignende markedsføringsformål.