Multi-craft specialty services to the industrial sector across North America
Acquired 100% of Business Operations
Scaffolding and insulation services in Western Canada
Advised on Sale of Company
IMAP Canada advises Chinook on its sale to Brock Group
Capital West Partners - IMAP Canada is pleased to announce to announce the sale of Chinook to Brock Group
Brock Group Completes Acquisition of Chinook Scaffold Systems, LTD. Chinook, with a high quality, skilled 400 strong workforce, is a leading provider of scaffolding and insulation systems serving oil & gas, smelters, mining, dams and pulp & paper customers throughout Western Canada including British Columbia, Alberta and Saskatchewan.
Brock (acquired by AIP in 2017) provides soft-craft services of scaffolding, insulation, paint and asbestos abatement to industrial, oil and gas, power generation, petrochemical and nuclear markets across the United States and Canada. The business has continued to grow its footprint by adding additional market segments, including in the food & beverage, pharmaceutical, and municipality industries. In 2018, Brock acquired Advanced Thermal Corporation to strengthen its insulating business by adding removeable blanket systems as a core product offering. In 2022, the Brock Group added the Schultz, Brinderson and AllSafe brands to expand its geographical and mechanical services capacity with long-term relationships with blue chip customers along the US west coast. The acquisition of Chinook further adds to our market expansion into Western Canada and allows us to expand product and service offerings. The combined Brock Group companies will provide customers a business model with the scale to deliver superior value.
Randall Swift, Partner at AIP, said, "The combined entities create a powerful business that will have the scale, expertise, and a strong balance sheet with which to serve a diverse customer portfolio."
Terms of the transaction were not disclosed. Torys LLP acted as legal advisor to Brock. Capital West Partners acted as financial advisors for Chinook.