OMERS Private Equity (OPE), the private equity investment arm of OMERS, has completed the previously announced sale of Maxxam Analytics International Corp. to France’s Bureau Veritas for $650 million.
Founded more than 40 years ago, Maxxam has developed into Canada’s leader in analytical services and solutions to the energy, environmental, food and DNA industries.
Since OPE acquired Maxxam in September 2008, its revenue has grown by 80%, and the company has continued to strengthen its market position both organically and through strategic acquisitions.
“We are very proud to have played a strong role in Maxxam’s success over the past five years working in partnership with the company’s outstanding management team,” says Don Morrison, senior managing director and co-head, North America, of OPE. “It has been an excellent investment for OPE since 2008, and we are very pleased to have completed the sale with such a positive result and significant value generation for OMERS members.”
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