Deals Case Studies: McLaughlin & Sons Oil & Water Hauling Ltd.

McLaughlin & Sons Oil & Water Hauling Ltd. has been acquired by SCF Partners vendor advised by

Issue

In anticipation of a challenging divestiture, McLaughlin & Sons needed a top M&A advisor to oversee the process. The client was in his late seventies, looking to retire, and the company was located in a remote area of northern Alberta.

PwC approach

Acting on a referral from a sub-debt provider in PricewaterhouseCoopers' network, PwC Corporate Finance actively oversaw multiple rounds of marketing, maintaining continual talks with potential purchasers until one of them had signed a letter of intent. This persistence paid off, since the successful party had originally passed on the deal but took a second look once the timing was right.

Client benefits

McLaughlin & Sons sold to SCF Partners, a Calgary based private equity group. The client appreciated both PwC's persistence and the successful outcome of the engagement.

PwC Specialist

Tony D’Andrea (CFA) is a director in our Advisory Services practice. He is a senior finance specialist who has spent a number of years involved with corporate deal transactions related to divestitures, acquisitions and corporate finance. He has been directly involved with M&A mid-market transactions for the past five years. Prior to this, Tony spent 17 years with a big-five financial institution where he was involved in complex debt transactions for mid-market businesses in a variety of industries including oil and gas, manufacturing, distribution, transportation and real estate.