Long Point Capital is pleased to announce that it has partnered with management and made a significant equity investment in Allnorth Consultants Limited. With over 750 employees and 21 locations across Canada, Mexico and the U.S., Allnorth provides multi-disciplinary engineering, project delivery and construction services to a diverse group of private and public clients. The investment will accelerate Allnorth’s growth within North America.
"The capital and expertise our new partners bring to bear for Allnorth will be instrumental in the achievement of our strategic plan," said Allnorth founder and CEO, Darby Kreitz. “Allnorth has stayed true to what we have always believed in – that our clients and professionals deserve our best. This is the foundation for our dynamic domestic and global operations today. Long Point Capital’s industry experience and successful track record in the engineering and construction services industry make them ideal partners for Allnorth.”
Ira Starr, Managing Director at Long Point Capital, said, "We are proud to partner with Allnorth’s entrepreneurial leadership team. We view Allnorth as a great company based on its diverse market position, leading service offerings, strong management team, and growth-oriented culture." Norm Scherr, Principal of Long Point Capital, added, “We are excited to partner with the Allnorth team to enable them to continue to enhance the Company's service offering both organically and through acquisitions.”
About Allnorth
Founded in 1995, Allnorth is a leading multi-disciplinary engineering, project delivery and construction services firm that provides services to a diverse group of private and public clients that operate in the infrastructure, mining, oil and gas, and pulp and paper sectors. With over 750 employees and 21 locations across Canada, Mexico and the U.S., Allnorth is headquartered in Kelowna, B.C. For more information, please visit our website at www.allnorth.com.
Add-On Acquisition Criteria
Allnorth is actively looking to acquire engineering, project delivery and construction services companies in North America with EBITDA of at least $2 million. Please reach out with any acquisition ideas to Ira Starr at IStarr@LPCFund.com or Norm Scherr at NScherr@LPCFund.com.
About Long Point Capital
Long Point Capital, with offices in New York and Michigan, seeks to partner with and invest in leading founder, family, and management-owned businesses operating in defensible niches with stable demand, highly capable management teams and strong growth prospects. Long Point focuses on companies in the professional services sector, typically with $5 million to $30 million in EBITDA. For more information, please visit our website at www.longpointcapital.com.
Long Point Capital engaged Edward Novicky, Managing Director of Excalibur Investment Banking, to source and initiate the transaction.