Tricor Pacific Capital acquires Calgary welding supplier Arctec
PE Hub reported that Mark Trenke will remain president of Arctec Alloys and keep an equity stake alongside Tricor Pacific Capital.
By Marcus V. Thorne · Markets Editor
· 2 min read
Tricor Pacific Capital has acquired Arctec Alloys Limited, a Calgary-based supplier of specialty welding consumables for repair and maintenance work, according to PE Hub. The report did not state the transaction value, financing terms or closing date.
Arctec serves industrial customers across Canada, PE Hub reported. Its products are used in repair and maintenance welding, a segment tied to the upkeep of industrial equipment and infrastructure rather than new-build fabrication alone.
Management remains invested
Mark Trenke will continue to lead Arctec as president after the acquisition, according to PE Hub. He will also remain an equity partner in the business alongside Tricor Pacific Capital.
That structure means the company’s existing operating leadership will retain an ownership interest while the private equity investor becomes a partner in the business. PE Hub did not provide further details on governance, the size of Trenke’s retained stake or Tricor’s ownership percentage.
Company background
Arctec was founded in Calgary in 1968, PE Hub reported. The company supplies specialty repair and maintenance welding consumables to industrial customers in the Canadian market.
PE Hub also noted that Rockmount Research & Alloys was founded in 1972. The report did not provide additional detail on Rockmount’s role in the transaction or any operational connection to Arctec.
The deal adds an industrial and manufacturing business to Tricor Pacific Capital’s portfolio. PE Hub classified the transaction in the industrial/manufacturing sector.
This story draws on original reporting from PE Hub.
