MBO Provides Exit for Institutional Investor
Industry: Manufacturer—Emission Control Systems
Company Profile: ACS, based in Toronto, provides innovative solutions in the design and manufacture
of best-in-class exhaust systems, tubular products and fabricated components for OEMs in the non-automotive vehicle industry.
NewPoint’s Role: NewPoint was engaged by a minority shareholder of ACS to negotiate the buyout of the equity held by the majority
institutional shareholder, Growthworks Canadian Fund. The role included, negotiating the purchase price, determining the capital
structure, raising the capital, and negotiating all legal documentation.
Transaction Snapshot: NewPoint was able to structure the acquisition through the use of leverage which resulted in
the management team owning 100% of the equity in the company. NewPoint continues to advise ACS on its ongoing financings
and strategic acquisitions.
