Fer-Pal Infrastructure (“Fer-Pal”) is a highly successful Toronto, Ontario-based provider of trenchless water-main rehabilitation services to municipal governments in Canada and the United States. The Company (North America’s largest provider) leads its industry in terms of innovation, capability, quality, and reputation for service. Due to the crumbling underground infrastructure throughout North America and the significant cost and social advantages of using trenchless (“no-dig”) technology, the continued growth prospects of the Company are tremendous.
In 2007, Fer-Pal retained Spara Capital to help implement a two-phase Shareholder Buyout plan that spanned five years, to meet the needs of its Shareholders. Spara led the Transaction through a number of facets including; structuring, securing financing to fund the Buyout, and leading development of key transaction and governance documents in conjunction with the Company’s legal, financial and tax advisors.
In 2014, Spara Capital completed Phase II of a Founding Member’s long-term succession plan for Fer-Pal. Spara arranged funding through BMO, structured the deal, and provided advisory services throughout the process.
In 2015, Spara completed the final stage of a multiyear transaction process with Fer-Pal. Spara’s advisory work helped to navigate some rather tricky issues made possible by the solid, long-term relationship built on mutual trust and respect. Spara remains excited by Fer-Pal’s success and will continue to provide guidance and advice in support of the Company’s continued growth.