Quantum Capital Acquires Skyway Canada for $84M

On March 9, 2007 a private equity consortium led by Quantum Capital completed the acquisition of Skyway Canada Limited and Total Support Services Limited, Canada's largest privately held Canadian scaffolding company, for $84 million.

Skyway is an industry leader in the scaffolding business offering rental, sales and services across Canada through an established presence of branches combined with a dealer network. Quantum Capital is a private equity investment firm headquartered in New York.

Quantum Capital was represented by Goodmans LLP with a team that was led by David Matlow and included Caroline Wang and Peter Hawkings (corporate/M&A), Glenn Ernst and Yi-Wen Hsu (tax) and Mark Surchin, Elisabeth Cleghorn, Greg Aronson and Karen Paguandas (finance).

The shareholders of Skyway were represented by Heenan Blaikie LLP with a team led by Michael Ledgett and included Corey MacKinnon and Andrew Brunton (corporate/M&A), Peter Clark (tax) and Malcolm Boyd (finance).

A portion of the purchase price was funded by a syndicate of lenders comprised of CapitalSource and Laminar Direct L.P. with CapitalSource acting as agent for the lenders. CapitalSource was represented by Cassels Brock & Blackwell LLP with a team that included Alison Manzer, Lori Prokopich and Tilly Gray (finance). Laminar was represented by John Evans and Taber Bruner (finance) of Moore & Van Allen PLLC and Peter Birkness (finance), Jason Vincze (tax) and Donna Parish (corporate) of Bennett Jones LLP.