March 31, 2013 – CIMS LP (“CIMS”), a portfolio company of Yellow Point Equity Partners III LP (“Yellow Point”), has completed the acquisition of Kamtech Services Inc. (“Kamtech”). Founded over 40 years ago, Kamtech is an industrial maintenance and construction company with operations throughout western Canada. The company draws on its deep expertise to complete projects on time and budget for a variety of customers in the pulp and paper, energy, mining and agriculture sectors.
The acquisition combines the leadership and bench strength of CIMS and Kamtech to create a dynamic and responsive company that can handle any project regardless of size and complexity. The combined entity is 100% Canadian-owned and supports Canada-wide operations from its facilities in Saskatoon, Edmonton, Rossland/Trail and Vancouver.
Brian Begert, Managing Partner of Yellow Point, said “CIMS has experienced a significant amount of growth in recent years and is being increasing relied upon by Canada’s most prominent industrial companies for maintenance services. The addition of Kamtech solidifies CIMS’ position as a sector leader, adds to its base strengths in quality and safety, and increases its unparalleled expertise in ensuring industrial operations run smoothly and efficiently with minimal downtime.”
CIMS provides heavy duty mechanical maintenance for the oil and gas, mining and power generation, agriculture, and pulp and paper sectors. The company operates across western Canada and focuses on maintaining and repairing boilers, reactors, precipitators and other pressure vessels. CIMS has become the leader in its industry due to its track record of successfully completing large plant shutdowns and complex industrial projects on time and budget, as well as its focus on quality and safety.
The growing need for facility maintenance, repairs and capital investments in the western Canadian resource industry is increasing opportunities for CIMS to provide value-added, reliable service to its customers.
About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. It invests in outstanding management teams of later-stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies. Yellow Point’s approach is supportive, hands-off with respect to day-to-day operations and active when it comes to strategic decisions and board work.
For more information, please either contact Brian Begert or visit www.ypoint.ca.