Source: demilecusa.com
On Oct. 2, Demilec announced a definitive agreement to secure a significant growth investment from an affiliate of Sun Capital Partners, Inc., a private equity firm that invests in market-leading companies that are managing rapid growth. Sun’s professionals help drive performance by leveraging substantial in-house operational resources and expertise. Sun Capital affiliates have invested in more than 325 companies worldwide with combined sales in excess of $45 billion since 1995.
The financial commitment of the investment will allow Demilec to expand organically and also through mergers and acquisitions. Demilec’s owners – Jacques Lariviere, Dave Lall and Daniel Clayton – will remain as members of the senior leadership team and as significant shareholders in the business.
As part of the transaction, our Canadian and U.S. businesses (including PFSI, Cornell and Premilec) will be combined into a single operating entity. Also, the Demilec’s legal name has changed to Demilec USA, Inc.