Tundra Mechanical & Millwrighting (1988) Ltd.

Secon Holdings LP (operating as South East Construction; a subsidiary of Mosaic Capital Corporation) has acquired a 70% interest in Tundra Mechanical & Millwrighting (1988) Ltd.

Industry:

Construction

Secon Holdings LP (operating as South East Construction; a subsidiary of Mosaic Capital Corporation) has acquired a 70% interest in Tundra Mechanical & Millwrighting (1988) Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Tundra Mechanical & Millwrighting (1988) Ltd. in structuring and negotiating this transaction.

Transaction Brief

This transaction provides financial, operational and  strategic resources to capitalize on growth initiatives, and implement a  succession strategy that will ensure the continued long-term success of the  business. The management shareholders active in the business retain significant  equity and will continue to provide daily support and leadership for Tundra Mechanical & Millwrighting (1988) Ltd. ("Tundra").

Established in 1988, Tundra provides mechanical and  millwrighting services to a broad range of industries, including water  treatment, waste management and agriculture. Representative customer segments  have included feed mills, process mills and seed cleaning and storage  companies.

Strategically based in Esterhazy, Saskatchewan, Secon  Holdings LP ("South East Construction") is a multi-trade industrial and commercial construction company,  primarily servicing the potash mining and milling industry in all phases of  underground and surface construction and maintenance. South East Construction has also worked on  construction and infrastructure projects related to power generation, coal  mining and crushing, fertilizer production and oilseed crushing. While Tundra  performs complimentary and similar services to South East Construction, this acquisition will  allow South East Construction to access a different segment of the growing Saskatchewan market.

Mosaic Capital Corporation ("Mosaic") is a Calgary-based investment  company that owns a portfolio of established businesses. These are companies  that generate strong, sustainable cash flows from their operations in niche  markets. Mosaic’s portfolio of businesses operates in the infrastructure,  printing, oil and gas services, technology and real estate industries. Mosaic  is a publically traded company and has a proven track record of partnering with  businesses to facilitate growth and create long term value for its  shareholders.