Fredericks Michael & Co. acted as the exclusive financial advisor to Eiffage S.A., through its road construction and civil engineering affiliate Eiffage Travaux Publics S.A.S., on the acquisition of a 70% stake in Innovative Civil Constructors Inc. of Ontario, Canada. The acquisition will enable Eiffage to enter the Canadian market as part of its international growth strategy.
ICCI, a fast-growing company, was founded in 2011 by a highly experienced team which will remain unchanged. ICCI is expected to generate nearly 100 million Canadian dollars (EUR 70 million) in revenue in 2014. With a workforce of approximately 100 people, the company, headquartered in Niagara Falls, Ontario, serves public and private sector clients across Canada.
This acquisition represents a new step forward in Eiffage’s international redeployment. It opens the door for Eiffage Travaux Publics to the vast and dynamic Canadian infrastructure market and holds out the promise of powerful synergies in the context of major, high value-added projects.
FM&Co. advised Eiffage on a multi-step engagement process which included search, selection, valuation, transaction structuring, and assistance in the negotiations through closing of the transaction.
About Eiffage S.A.
Eiffage S.A. (France) operates as one of the largest construction and concessions company in France and internationally. Eiffage operates five divisions which include concessions and public-private partnerships, construction, public works, energy, and metal. The combined experience of more than 70,000 employees helped Eiffage to generate revenues in excess of EUR 13 billion, of which 15% came from international projects in fifteen, mainly European, countries. For more information, please visit www.eiffage.com
About Innovative Civil Constructors Inc.
Innovative Civil Constructors Inc. (Ontario, Canada) a civil and heavy construction contracting company, specializes in concrete structure rehabilitation, new bridge construction, bridge jacking, waterproofing, and rehabilitation projects in Canada. The company offers underground services and earthworks, as well as specialized formwork for the infrastructure, industrial, and mining sectors, serving public and private clients. It also offers a range of schedule and value engineering solutions. For more information, please visit www.ic2i.ca
