Wajax Acquires NorthPoint Technical Services
Wajax Corporation has acquired Calgary-based NorthPoint Technical Services ULC.
“We are extremely pleased to welcome NorthPoint and its team of dedicated professionals to Wajax,” said Mark Foote, President and CEO, Wajax. “The addition of NorthPoint gives our ERS platform strengthened national coverage, complementing the expanded footprint we acquired with Groupe Delom in 2018 and allowing us to better serve our customers. We continue to view ERS as a critical part of our growth strategy as it is expected to enhance our EBITDA margins, requires a lower total working capital investment when compared to our distribution businesses and further enhances our overall value proposition to new and existing customers.”
Formed in 2018, NorthPoint is a national electro-mechanical services provider. It specializing in repair of rotating industrial equipment, including motors, generators, gearboxes, switchgear, transformers, pumps, fans and turbines.
“Partnering with Wajax provides our team with a significant opportunity to grow our volume nationally, leveraging Wajax’s extensive sales, marketing and customer relationships,” said Paul Crawford, CEO, NorthPoint. “Combining with Wajax offers customers a national partner for all their ERS needs and sets us apart in the marketplace.”
NorthPoint has nine branches across Canada (Grand Prairie and Calgary, Alberta; Regina, Saskatchewan; Winnipeg, Manitoba; Kirkland Lake, Sudbury and Sarnia, Ontario; Moncton, New Brunswick; and St. John’s, Newfoundland), employing approximately 177 people.