Transactions & Cases Detail
Groupe Solmax Inc. acquires GSE Holdings Inc.
December 20, 2017
On December 20, 2017, Groupe Solmax Inc. ("Solmax") announced it has completed the acquisition of all the issued and outstanding shares of GSE Holdings Inc. from Littlejohn & Co., LLC and certain funds and accounts managed by Strategic Value Partners, LLC, both Greenwich, Connecticut-based private investment firms. The Caisse de dépôt et placement du Québec (CDPQ) and the Fonds de solidarité FTQ are Solmax's financial partners for this transaction. The combination of Solmax and GSE creates a true global industry leader, and will give the companies a broader manufacturing footprint and an expanded world-wide commercial network.
Solmax, a Canadian-based company, is a worldwide leader in PE GEOMEMBRANE manufacturing and offers high-standard containment solutions. Solmax’s products are vital in protecting soils from contamination in applications as critical as the landfills of the world’s most populated cities to the tailings or heap leach pads of mining operating in environmentally fragile ecosystems.
GSE Environmental, based in Houston, Texas, also operates in the geosynthetic products sector. It is a global manufacturer and marketer of geosynthetic barrier systems, stabilization products, and drainage systems used for the containment and management of solids, liquids and gases for organizations engaged in civil engineering projects, waste management, mining, water, wastewater and aquaculture.
McCarthy Tétrault LLP advised Solmax with a team led by François Amyot that included Matthieu Rheault, Philippe Leclerc and Isabelle Nazon (Corporate), François Dupuis (Financial Services), Dominic Thérien (Competition), Dominique Amyot-Bilodeau (Environmental), and Marie-Soleil Landry and Quentin Lageix (Tax).