Canadian family office Cunaxa Ventures has acquired NFE Manufacturing Inc, a Chemainus, British Columbia-based fabrication, engineering and field fabrication business.
No financial terms were disclosed.
Established in 1888, NFE provides custom fabrication, machining, engineering design, water jet, industrial coatings and installation services to a range of industries, including oil and gas, hydro electricity, mining, shipping and aerospace. It has been led since 2005 by President Marc Langevin.
Based in Vancouver, Cunaxa invests in manufacturing and financial technology companies in North America and Europe.
Cunaxa Ventures acquires NFE
VANCOUVER, Aug. 12, 2019 /CNW/ – Cunaxa Ventures Inc. today announced that it has acquired NFE Inc. – a leading fabrication, engineering and field fabrication company. This is the latest strategic investment by Cunaxa to expand its holdings in North America and deepen its manufacturing portfolio.
NFE has been in operation since 1888 and now services a variety of industries including oil and gas, hydro electricity, mining, shipping and aerospace. NFE has multiple locations to better service its client base.
“NFE’s continued sustainable growth spearheaded by Marc Langevin coupled with the strong tailwinds in BC made this is natural target for us at Cunaxa. Boughton Law again acted for us in this acquisition with Martin Sennott in the lead,” said Piers Roberts, President of Cunaxa Ventures Inc.
Cunaxa, headquartered in Vancouver, BC, is a single-family office with a focus on manufacturing and fintech. Cunaxa is a private equity firm with investments in North America and Europe. Piers Roberts is an ex Corporate Banker with various Canadian and European Banks. He is also a veteran of the British Army whom resigned his commission in 2009 having served in Iraq, Afghanistan, Northern Ireland and Sierra Leone. He served in various roles including the First Battalion of the Parachute Regiment, now SFSG (Special Forces Support Group).
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