Mid-Canada Reinforcing Inc.
Salit Steel has acquired a majority interest in Mid-Canada Reinforcing Inc.
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Salit Steel has acquired a majority interest in Mid-Canada Reinforcing Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Mid-Canada Reinforcing Inc. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the majority shareholder of Mid-Canada Reinforcing Inc. (Mid-Canada) to exit the business, while giving the minority shareholder the opportunity to participate in the next phase of continued growth and success.
Founded in 1994, Mid-Canada has built a strong reputation as a reliable provider of high-quality steel reinforcement products to the commercial and residential construction markets. Mid-Canada is based in Winnipeg, Manitoba and services customers across Saskatchewan, Manitoba, and Northwestern Ontario.
Salit Steel is a Canadian steel company involved in the fabrication and distribution of steel products, serving the construction and infrastructure sectors. The acquisition of Mid-Canada provides Salit Steel with an opportunity to grow their presence in the Canadian Prairies and further establish themselves as a leading provider of quality steel products.