Logistec Corp. acquires majority interest in Fer-Pal Construction Ltd.

On July 6, 2017, Logistec Corporation (Logistec), a marine and environmental services provider, completed the acquisition of 51 per cent of all of the issued and outstanding voting shares of Fer-Pal Construction Ltd. (Fer-Pal). The purchase price comprised a cash payment of $41.5 million and the issuance of 230,747 Class B subordinate voting shares in the share capital of Logistec. Fer-Pal specializes in water main rehabilitation projects of all types and sizes for municipalities in Canada and the United States, utilizing the Aqua-Pipe technology for the trenchless rehabilitation of water mains developed and commercialized by Sanexen Environmental Services Inc. (Sanexen), a subsidiary of Logistec. 

Logistec was represented in-house by Ingrid Stefancic, Vice-President, Corporate and Legal Services, and assisted in Montréal by a team at Lavery, de Billy, L.L.P. including Christian Dumoulin, Guillaume Lavoie, Isabelle Richard, Vincent Towner and François Arsenault (M&A), Éric Gélinas (tax), Brittany Carson (employment), François Parent (pension & benefits), Audrey-Julie Dallaire (environmental) and Eric Lavallée (IP) and by Fasken Martineau DuMoulin LLP (Montréal office) with a team of Jean-Michel Lapierre (securities), Marie-Eve Clavet (M&A) and Alain Ranger (tax), as well as in Toronto and in the United States by Torys LLP with a team including David Chaikof, Laura Sigurdson and Stefan Stauder (M&A). Sanexen was also represented by Lavery, de Billy, L.L.P. 

Fer-Pal was represented by Stikeman Elliott LLP with a team that included Robert Carelli, Kevin Custodio, Hélia Taheri and Samantha Allen (M&A), Éric Lévesque and Nathaniel Lacasse (tax), Nancy Ramalho (employment), Natasha vandenHoven (pension & benefits), Larry Cobb (environmental), Mario Paura and Laura Delemere (real estate) and Jonathan Auerbach (IP). Kirkland & Ellis LLP acted as special counsel to Fer-Pal with respect to certain United States legal matters with a team that included Navneeta Rekhi and Michele Marie Cumpston (M&A) and John Geoffrey Crisp (tax). Fasken Martineau DuMoulin LLP (Toronto office) acted as special counsel to Fer-Pal with respect to the pre-closing restructuring of Fer-Pal, licensing arrangements with Sanexen and various corporate matters with a team that included Barbara Miller and Leslie Greey (corporate) and Mitchell Thaw (tax).