Deschenes Group Inc. acquires Crane Supply for C$380M
May 31, 2022
380.00 Million CAD
On May 31, 2022, Crane Supply, a division of Crane Canada Co. (“Crane”), was acquired by Deschenes Group Inc. for C$380 million.
Crane Supply, based in Vaughan, Ontario, is a distributor of pipes, valves, fittings and piping accessories across industrial and commercial industries.
Deschenes Group Inc., based in Montreal, Quebec, is a wholesale distributor that serves the plumbing and heating, electrical, waterworks, fire protection, HVAC/R, auto parts markets, and measurement and control equipment to the oil and gas markets.
McCarthy Tetrault advised Crane with a team led by David Woollcombe that included Mark McEwan, Chanelle Bristol, Lama Kahiel (Business), Jason Gudofsky, Gideon Kwinter (Competition), Jeff Oldewening, Kathryn Walker, Randy Schwartz, Jesse Waslowski (Tax), Deron Waldock, Randy Bauslaugh, (Pensions), Patrick Pengelly (Labour and Employment), Asma Bala (Real Property and Planning), Vincent Yip (Intellectual Property), Conrad Lee (Technology).