PE Gate and co-investors are acquiring an 80% stake in an established industrial services provider specializing in high-temperature equipment maintenance, aimed at building a new industrial services platform with significant growth potential.

Target Overview

The target is an established industrial services provider specializing in the installation and maintenance of high-temperature equipment, including kilns, incinerators, and furnaces. With over a decade of operational history, the company serves critical sectors such as cement, steel, power generation, and waste management — industries characterized by steady demand and limited supplier competition. It operates within a niche, regulation-driven market, enjoying high barriers to entry and a diverse customer base that ensures recurring maintenance work.

With more than 15 years in continuous operation, the company boasts a solid track record for reliability and safety in complex industrial environments. It has established strong relationships with major corporate clients across Canada, including cement producers, manufacturers, and energy companies, resulting in numerous repeat projects across various plants. The business generates multi-million-dollar annual revenues, with a history of profitability driven by high-margin technical services and low capital requirements.

Industry Overview in Canada

The Canadian industrial services sector is thriving, particularly in the context of high-temperature applications. As the country continues to invest in infrastructure and energy efficiency, the demand for specialized services like refractory installat