Canadian private equity firm PRIVEQ Capital Funds has acquired Kraus Global Ltd in partnership with members of the company’s management team. The value of the management buyout was not released, however, PRIVEQ disclosed its $6.2 million investment in the deal. Based in Winnipeg, Kraus is a designer and manufacturer of compressed natural gas refueling dispensers and electronic control systems in North America. The partnership with PRIVEQ is intended to support its next phase of growth, Kraus said. The Toronto-based PRIVEQ, which manages $85 million in portfolio assets, invests in lower mid-market businesses in Canada and the United States.
PRIVEQ Capital Funds leads Management Buy-Out of Kraus Global Ltd.
(Toronto, ON) January 12, 2015 – PRIVEQ Capital Funds (“PRIVEQ”) has acquired Kraus Global Ltd. (“Kraus”) along with members of Kraus’ management team. Kraus is the leading designer and manufacturer of Compressed Natural Gas (“CNG”) refueling dispensers and electronic control systems in North America. Based in Winnipeg, Canada, Kraus supplies the major CNG North America retailers in this increasingly expanding marketplace. Kraus is also a prominent supplier of dispensing and electronic control systems for other alternative fuels.
“We are delighted to be partnering with Kraus’ management team in this rapidly growing industry” said Brad Ashley, Managing Partner of PRIVEQ Capital Funds.
“Our commitment to provide our customers with premium CNG dispensing solutions remains paramount” said Ossama AbouZeid, CEO of Kraus. “We are very excited to have PRIVEQ join us in the next phase of Kraus’ growth”.
Kraus Global Ltd.
Contact: Ossama AbouZeid, CEO at (204) 663-4728
About PRIVEQ Capital Funds
PRIVEQ is a leading Toronto-based private equity firm focused on the lower-middle market investing in both buy-outs and growth capital opportunities. PRIVEQ invests in companies with Revenues of $10-$100 million and EBITDA of $1-$10 million.
For further info, please contact Brad Ashley, Managing Partner at (416) 447-3330 ext. 222 or visit www.priveq.ca.
Bradley W. Ashley
PRIVEQ Capital Funds
#711 – 1500 Don Mills Road
Toronto, Canada M3B 3K4
Tel: 416-447-3330 x 222
Photo courtesy of Kraus Global Ltd