Fer-Pal is a highly successful Toronto, Ontario-based provider of trenchless water-main rehabilitation services to municipal governments. With revenues approaching $50 million, 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.
Spara assisted in all aspects of the transaction including structuring the buy out, working with the shareholders on redefining both board level and shareholder level changes that would take place as a result of the transaction, developing a financing package that would be used to raise the requisite capital, and negotiating and generally managing the financing and documentation process.