SeaFort Capital has partnered with senior managers Larry MacDonald and Robert Fraser to acquire A.W. Leil Holdings Limited, a crane rental and lift services business.
“We are excited to invest in an established Nova Scotia business alongside experienced and dedicated operating partners. A.W. Leil boasts a committed group of skilled employees and a modern fleet of cranes. We intend to continue the legacy that Allison Leil Sr. and his family have established through decades of reliable performance,” said Rob Normandeau, President of SeaFort.
A.W. Leil is a crane rental and lift services business. The company operates a fleet of over fifty cranes under the trade names A.W. Leil, Sagadore Cranes and Cape Breton Cranes, and has five offices and over sixty employees. The company was founded in 1958 and is based in Dartmouth, Nova Scotia (www.awleil.com).
SeaFort Capital makes control investments in small and medium sized Canadian businesses that have earnings from $2 million to $10 million and have a strong tangible asset base. Sectors of interest include “old economy” industries such as manufacturing, distribution or equipment services. The firm is based in Halifax, Nova Scotia (www.seafortcapital.com).
“Over the last 54 years, I have taken great pride in my business, developing a personal connection to each employee and a deep familiarity with every piece of equipment. I am pleased to see SeaFort partner with Larry and Robert to acquire the company. I am confident that they will treat our people fairly and uphold our values as they work to grow and develop the business,” said Allison Leil Sr.
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-26-12