We are pleased to announce the closing of the acquisition of Huron Geomatics Inc. (“HGI”), by Oakville Enterprises Corporation (“OEC”), an Ontario strategic consolidator of businesses in the infrastructure, power, and energy-related services sector. Spara Capital was the exclusive advisor to OEC, continuing to execute acquisitions along the organization’s growth strategy in the municipal infrastructure services sector.
Based in Wingham, Ontario, HGI is a leader in Vehicle based mapping, Stationary LiDAR Scanning, and Unmanned Aerial Mapping. This acquisition, OEC’s fourth led by Spara since 2013, compliments the businesses already within OEC’s portfolio, and is consistent with their consolidation and growth strategy.
The Spara team worked very hard to bring this deal to close and continues to seek other synergistic acquisition targets in the sector for OEC. Scott Mudie, Chief Operating Officer from OEC has this to say about Spara’s work on the deal:
“Spara continues to be a great asset and the driver of the acquisition portion of our growth plan. The Spara and OEC teams have created an integrated process that has proven very efficient and effective.”