On March 22, 2007, Roper Industries, Inc. of Sarasota, Florida acquired the assets of the Roda Deaco Group of Companies, based in Edmonton, Alberta. The amount of the transaction is undisclosed. Roper Industries provides engineered products and solutions to customers in more than 100 countries for global niche markets, including water, energy, radio frequency and research/medical applications. It has annual revenues of $1.5 billion and is a component of the S&P MidCap 400 and the Russell 1000 Indexes.
Roda Deaco manufactures and sells diesel engine air cut-off valves and other related parts and equipment to protect high-value assets for energy customers with an existing focus on the Western Canadian oil sands development.
Stikeman Elliott LLP acted for Roper Industries, Inc. under the direction of David Liner, vice-president, general counsel & secretary, with a team that included John Leopold, David Taniguchi, Ryan Smith, Brad Squibb and Charlotte Feasby (corporate); Luc Bernier and Antoine Stebenne (tax); Barbara Johnston (employment) and Susan Hutton (Investment Canada).
Roda Deaco was represented by Pierre Desrochers and Terrance Lysak of McCuaig Desrochers LLP (corporate) and by Don Cherniawsky of Felesky Flynn LLP (tax).