Whitehorn Merchant Capital Inc. (“Whitehorn”) advised the shareholder of Promac Industries Inc. (“Promac”) on the sale of Promac and the related real estate to Canerector Inc. The Whitehorn team assisted Promac’s shareholders throughout the transaction process to reach a successful closing.
Promac is a western Canadian contract machining shop specializing in mass manufacturing of turnkey products. The company also offers assembly, prototyping and engineering design services to its customers. The company primarily serves the energy sector.
Whitehorn leveraged its industry expertise to deliver the following:
Enhanced the company’s appeal as a compelling investment opportunity;
Solicited multiple offers from various buyer groups;
Facilitated discussions and negotiations between both parties on transaction structure, valuation and strategic objectives; and
Assisted with due diligence including financial assessment, legal assistance and operational review.
