On May 1, 2015, Chorus Aviation Inc. acquired Voyageur Airways, a private company based in North Bay, Ontario. Voyageur is a Transport Canada approved air operator and an integrated provider of specialized aviation services, including contract flying operations both internationally and domestically, and offers advanced engineering and maintenance capabilities. The purchase price, on a cash free/debt free basis, represents a total enterprise value of approximately $80 million. The acquisition was made primarily in cash and a deferred component with a small portion by way of Chorus shares.
Chorus was represented in-house by Barb Snowdon, General Counsel and Corporate Secretary, and Anil Mohan, Senior Counsel and assisted by Osler, Hoskin & Harcourt LLP with a team comprised of Victoria Graham, Chris Murray, Alix Morse (corporate); Michelle Lally (regulatory); Daniel Kirby and Patrick Welsh (environmental); Heather McKean, Sandy Yeung, Julianne Gu (real estate); Damian Rigolo (employment) and Kimberley Wharram (tax).
Gowling Lafleur Henderson LLP represented Voyageur with a team comprised of Cynthia Elderkin, Lindsey Laframboise, Julien Bourgeois (corporate); Harry Dahme and Ian Richler (environmental); Darrell Daley and Eric Presseau (real estate); Marion Bailey-Canham (IP); Elisa Scali and David Law (employment, OHS); François Baril and Elad Gafni (competition and CTA); Carole Chouinard (tax); Wendy Wagner (privacy and trade); Sean Murphy (business integrity) and Dan Hayhurst (pensions).