Transaction
Share
Generational Equity Advises Axial in Sale to Creo Tech Industrial Group
By Generational Equity
09/03/2021
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Axial Inc. to Creo Tech Industrial Group. The acquisition closed July 30, 2021.
Axial, Inc. (Axial), located in Calgary, Alberta, Canada, operates a group of companies that provide Engineering, Procurement, and Construction (EPC) services focused on industrial automation projects for clients in a wide variety of industries. These companies have established markets throughout Canada, the U.S., and other international markets. The Axial companies have significant industry technological capabilities in electrical, instrumentation, mechanical and civil disciplines, and offer full procurement and turnkey construction, in both new construction and retrofit environments.
Located in Surrey, British Columbia, Canada, Creo Tech Industrial Group (Creo) is a group formed to acquire profitable, reputable and leading Design, Engineering & Procurement firms (DEP), as well as cutting-edge fabricators and constructors to build a mid-market, full-service DEP group of companies focused on industrial automation. They design and engineer to feed their manufacturers, fabricators and constructors with high value industrial construction and automation projects.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Senior M&A Advisor, Ted Rattenberry, with support by Sr. Managing Director – Western Region, Lori Galloway, closed the transaction. Senior Managing Director, Ashok Tandon established the initial relationship with Axial.
“Axial was the key strategic fit for Creo-Tech’s corporate acquisition program which would lead to synergies among all of the companies in the group. Therefore, all parties were excited to complete the transaction and move forward with the overall integration and growth plan,” said Rattenberry.
About Generational
Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.