Osprey Capital Partners Inc. is pleased to announce it has assisted Dynamic Technologies Group, a publicly traded company on the TSX Venture Exchange (DTG/TSXV), in selling its Parr Metal Fabricators subsidiary to Dynamic Machine Corp., both of Winnipeg.
The Client
Dynamic Technologies, a designer of media-based attractions and ride systems for the global theme park industry and other entertainment destinations, has operations in Canada, the U.S., and China, but sells its products around the world.
Its Parr subsidiary, which was founded in 1975, is a custom metal fabricator serving the pulp and paper, mining, and food industries.
It also provides a variety of fabrication to the construction and truck trailer repair sectors.
The Objective
After Dynamic Technologies decided to focus solely on its core business, it engaged Osprey Capital and Hawkbridge to sell Parr through a highly competitive process to a specific group of strategic and financial buyers. The intent was to maximize the return for Parr.
The Result
Osprey Capital delivered the pool of potential suitors and the auction generated the highest possible sale price for Parr.
Dynamic Machine was ultimately selected as the ideal suitor largely due to its stellar reputation as a metal fabricator. Parr is an accretive acquisition for Dynamic Machine and its 40-year legacy of exemplary customer service will continue under its new corporate umbrella.