Market Square Equity Partners Acquires Ontario Excavac Inc.

March 12, 2014

Market Square Equity Partners (“Market Square”) has acquired Ontario Excavac Inc. (“Excavac”) from its founder in a share purchase transaction completed on March 12, 2014.  The acquisition was financed through a combination of bank debt and equity investments by each of Market Square and the new President and CEO of Excavac.   Market Square partnered with the former President & CEO of Excavac, Philippe Lafleche, who has maintained an equity stake in the company. Excavac provides non-destructive excavation services using hydrovac technology in Ontario.

Wildeboer Dellelce LLP advised Market Square in connection with the acquisition with a team consisting of Troy Pocaluyko and Michael Rennie (corporate/mergers & acquisitions), Geoff Cher (asset management), Steven Vasilevski (secured lending) and Kevin Fritz (tax).