KRG Capital Partners Exits Focus
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KRG Capital Partners Exits Focus

focus nf1KRG Capital Partners has sold its portfolio company Focus Corporation to WSP Global in an all cash transaction valued at approximately $366 million.

The Focus Corporation is a consulting firm providing a range of engineering, geomatics, planning, and project management services to clients involved in oil and gas, oil sands, conventional oil & gas, pipeline, public and private infrastructure, and land development projects. Focus has approximately 1,800 employees located in 21 locations across Western Canada and one in Eastern Canada.  The company was founded in 1977 and is headquartered in Calgary, AB (www.focus.ca).

WSP Global (TSX:WSP) is a professional services firm providing construction management and engineering consulting services to governments, businesses, architects and planners. The company has approximately 15,000 employees – mainly engineers, technicians, scientists, architects, planners, surveyors, other design professionals, as well as various environmental experts – based in more than 300 offices, across 35 countries, on 5 continents. WSP Global was founded in 1959 and is headquartered in Montreal (www.wspgroup.com).

KRG Capital specializes in acquiring and recapitalizing unique and profitable middle-market companies. Since inception, KRG has invested in 45 platform companies and has completed 150 add-on acquisitions for those platforms. Founded in 1996, KRG has over $4 billion of capital under management and is based in Denver (www.krgcapital.com).

Harris Williams & Co. acted as the exclusive advisor to Focus.  The transaction was led by Drew Spitzer, Brian Lucas, Tiff Armstrong, Matt White and Chris Burnham from Harris Williams & Co.’s Energy & Power (E&P) Group.

© 2014 PEPD • Private Equity’s Leading News Magazine • 4-14-14

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