Latest news with #Metcor
Associated Press
6 days ago
- Business
- Associated Press
DCM Group, a Thrust Capital Partners portfolio company, acquires Metcor
MONTREAL, June 4, 2025 /PRNewswire/ - DCM Group Inc. ('DCM') is pleased to announce the acquisition of Metcor Inc., a Quebec-based company specializing in metal heat treatment for over 75 years. With deep expertise in metallurgical processes, Metcor offers a wide range of services aimed at improving the physical properties of materials, including hardness, wear and corrosion resistance, and machinability. Its highly skilled team has full mastery of the manufacturing process, from raw material to the most complex machined parts, allowing the company to serve a diverse client base across multiple industrial sectors. DCM Group continues its vertical integration strategy, establishing itself as a key player in aerospace Jean-Charles Raillat, CEO of DCM, highlighted the strategic benefits of the acquisition, stating: 'With this transaction, DCM continues to diversify its service offering and advances its vision of becoming one of the leading integrated manufacturers serving the Canadian aerospace industry. The integration of Metcor into the DCM Group now allows us to offer both heat treatment and post-processing services, complementing our expertise in advanced manufacturing. We would like to thank Mr. Yves Lachambre and Mr. John Spencer for placing their trust in us by handing over the company they built with passion over the decades. We are very proud to preserve this Quebec know-how within a 100% Canadian company, for the benefit of DCM and the local supply chain.' Thrust Capital Partners: A committed partner in the consolidation of the Canadian aerospace supply chain 'This acquisition marks a new step in DCM's growth plan. Thrust Capital Partners is proud to play a central role in transforming a Quebec SME into a global aerospace leader. This type of acquisition aligns perfectly with the vision we had when creating the fund. Alongside our partners, Investissement Québec and Desjardins Capital, we remain fully committed to supporting DCM's ambitions.' said Milad Jawabra, Partner at Thrust Capital Partners. Advisors DCM was advised by Norton Rose Fulbright Canada LLP on legal matters and by Ernst & Young LLP on tax and financial matters. Metcor Inc. was supported by Raymond Chabot Grant Thornton LLP for financial and tax matters and by Bennett Jones LLP for legal matters. About DCM Group Groupe DCM is a leading Canadian provider specializing in the manufacturing of aircraft structural components, repair, maintenance, and welding services (R&O), ground support equipment (GSE), electrical tooling, as well as special processes such as heat treatment and post-processing services. The company operates eight facilities: four in Quebec, three in Ontario, and one in France. About Metcor Founded over 75 years ago, Metcor Inc. is recognized as one of North America's leading metal heat treatment specialists. With over 54,000 square feet of production space, the company stands out for the variety of its processes and the quality of its service. About Thrust Capital Partners Thrust Capital Partners is Canada's first private investment fund fully dedicated to the consolidation and development of the aerospace supply chain. Its mission is to propel Quebec and Canadian SMEs to global leadership status by accelerating their growth and strategic transformation. View original content: SOURCE Thrust Capital Partners Management Inc.
Yahoo
04-04-2025
- Business
- Yahoo
Aussie giant Macquarie swoops for Metcor in £100m deal
Macquarie, the Australian financial giant, has struck its latest British takeover deal with a swoop on Metcor Group, a provider of drainage and maintenance services to commercial customers. Sky News understands that Macquarie Capital, which invests from its parent's own balance sheet, has agreed a deal with Metcor's founders. The transaction is said to value the target at about £100m. Metcor comprises three companies: an environmental arm specialising in drainage maintenance and remediation; Anglo Pumps, which maintains and installs pumps, motors and fans; and Aylesford Electrical, which provides electrical services for commercial properties. An industry source said that corporate financiers had been advising Metcor on its options, including talks with several prospective investors. The deal adds it to a UK portfolio owned by Macquarie Capital which includes Matrix Networks Group, a provider of specialist utility infrastructure, and Zenzero, which offers IT managed services to SMEs. More broadly, Macquarie is among Britain's biggest inward investors, with funds managed by the firm ranking as the largest shareholder in financially troubled Southern Water. The water group is in the middle of a major fundraising which includes a large capital injection from Macquarie-managed funds. The Australian group also, controversially, owned Thames Water, which is now engaged in a protracted battle to avoid temporary nationalisation. Macquarie declined to comment.
Sky News
04-04-2025
- Business
- Sky News
Aussie giant Macquarie swoops for Metcor in £100m deal
Macquarie, the Australian financial giant, has struck its latest British takeover deal with a swoop on Metcor Group, a provider of drainage and maintenance services to commercial customers. Sky News understands that Macquarie Capital, which invests from its parent's own balance sheet, has agreed a deal with Metcor's founders. The transaction is said to value the target at about £100m. Metcor comprises three companies: an environmental arm specialising in drainage maintenance and remediation; Anglo Pumps, which maintains and installs pumps, motors and fans; and Aylesford Electrical, which provides electrical services for commercial properties. An industry source said that corporate financiers had been advising Metcor on its options, including talks with several prospective investors. The deal adds it to a UK portfolio owned by Macquarie Capital which includes Matrix Networks Group, a provider of specialist utility infrastructure, and Zenzero, which offers IT managed services to SMEs. More broadly, Macquarie is among Britain's biggest inward investors, with funds managed by the firm ranking as the largest shareholder in financially troubled Southern Water. The water group is in the middle of a major fundraising which includes a large capital injection from Macquarie-managed funds. The Australian group also, controversially, owned Thames Water, which is now engaged in a protracted battle to avoid temporary nationalisation. Macquarie declined to comment.
