Northstar Scaffold Services Inc has acquired Sky-Hi Scaffolding Ltd, a Burnaby, British Columbia provider of scaffold solutions to residential, commercial, and industrial customers. No financial terms were released. The seller was Kevin Lottis, who has owned Sky-Hi since 1993. The acquisition creates a national scaffolding service provider with six branches, according to Andover Capital, the Canadian private equity firm that backs Northstar. Established in 1967, Northstar has its headquarters in Winnipeg.
Northstar Scaffold Services Acquires Sky-Hi Scaffolding
May 09, 2017
VANCOUVER, British Columbia, May 09, 2017 (GLOBE NEWSWIRE) — Northstar Scaffold Services Inc. (“Northstar”) is pleased to announce it has closed on the acquisition of Sky-Hi Scaffold Ltd. (“Sky-Hi”), a leading B.C. based scaffolding services company. Northstar is a portfolio company of Andover Capital, the Toronto based investment and holding company.
“It has been a pleasure to work with Jon throughout this process. I look forward to being involved as we integrate and grow the business in the coming years. I have been with Sky-Hi since 1978 and owned the company since 1993. It is encouraging that Sky-Hi will continue under the direction of the team at Northstar, “ said Kevin Lottis, former owner of Sky-Hi Scaffolding Ltd.
The combined company will create a national scaffold service provider that employs over 200 people in 6 branches with the ability to service customers across Canada.
“Kevin has built a fantastic team at Sky-Hi with a reputation for industry leading customer service and a dedicated focus on safety, both values we share at Northstar,” said Jonathan McCain, president of Northstar. “We look forward to working together to continue to grow towards our goal of becoming the leading scaffold and shoring provider in Canada.”
PricewaterhouseCoopers acted as advisor to Sky-Hi. MNP LLP and Miller Thomson provided transaction advisory services to Northstar.
For more information on the transaction, please contact Jonathan McCain at (416)-231-1610.
About Northstar Scaffold Services:
Established in 1967, Northstar Scaffold Services Inc. has grown to become one of the largest independent scaffolding and shoring providers in Canada. Northstar’s services include equipment rental, sales, erection and dismantling. The company employs over 200 people in 6 branches across Canada. For more information on Northstar, please visit www.scaffolding.ca.
About Andover Capital Corporation:
Based in Toronto, Canada, Andover Capital is a privately-held investment and holding company focused on acquiring and building great businesses. Andover typically seeks to make control-equity investments in mid-market Canadian companies. For more information on Andover, please visit www.andovercapital.ca.
Photo courtesy of NorthStar Scaffold Systems Inc