Wingenback Inc.

Equicapita Income Trust has acquired a majority interest in Wingenback Inc.

Industry:

Transportation and Warehousing

Equicapita Income Trust has acquired a majority interest in Wingenback Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Wingenback Inc. in structuring and negotiating this transaction.

Transaction Brief

This transaction allowed the shareholders of Wingenback Inc. (Wingenback), a premier provider of high-end industrial moving and specialty bank services and products, to implement their succession strategy while ensuring the business will continue to thrive with Equicapita Income Trust (Equicapita) as a strategic partner. The current shareholders of Wingenback are participating in an equity position and will continue working with the company.

Equicapita is a private equity firm based in Calgary, AB with an additional office in Burlington, Ontario. Equicapita has more than $300 million in assets under management focused on acquiring private Canadian businesses with enterprise values ranging from $5 million to over $50 million.

Established in 1975, Wingenback is headquartered in Calgary, AB, with an additional office in Toronto, ON and storage and moving facilities in Calgary, Edmonton, Vancouver, Toronto and Halifax. Wingenback provides various construction, rigging, commercial and industrial moving services.  Since their first ATM install in 1978, Wingenback has been an industry leader for banking equipment and machines to the Canadian banking industry. Wingenback handles the entire ATM installation process, including design of the product, prototyping, installation, and finishing. Wingenback's industrial and commercial moving services specialize in unique, precision and delicate moves including large, steel forge equipment to high-tech, high-value, medical MRI machines. Wingenback also provides storage and a variety of other ancillary services to its clients in this space.