Parties
Company
Building Controls & Solutions
Company
LKCM Headwater Investments
Company
Yorkland Controls Limited
Building Controls & Solutions ("BCS"), a key distributor of building automation and control solutions, announced its acquisition of Yorkland Controls Limited, a major Canadian firm in the building and combustion controls industry. This strategic acquisition enhances BCS's presence and capabilities in Canada, marking a significant step in its North American expansion.
By merging with Yorkland Controls, BCS now operates 26 branches across the U.S. and Canada, positioning itself as a leader with an extensive service portfolio and advanced technological solutions. This merger integrates the strengths, expertise, and resources of both companies, aiming to deliver unparalleled value in building automation and parts distribution.
Eric Chernik, CEO of BCS, celebrated this merger as a transformative milestone for the companies, highlighting the synergistic potential to elevate industry standards and customer value. Gavin Barrett, President of Yorkland Controls, and Gerry Cellucci, Vice President of Yorkland Controls, both expressed optimism about the enhanced product offerings and market reach this union facilitates.
The integration is designed to be smooth for clients of both firms, with a strong emphasis on maintaining exceptional service quality. Leadership from both BCS and Yorkland Controls are collaboratively managing the integration to optimize the combined entity's strengths.
Details on the transaction value and legal advisors were not disclosed in the announcement. The acquisition is seen as a pivotal move to solidify BCS's footprint and influence in the North American market, leveraging increased capacity and expanded expertise.
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date