Colas Canada completed the acquisition of the Miller McAsphalt Group on February 28, 2018.
The Miller McAsphalt Group is a major player in road construction and bitumen distribution in Canada, with a strong foothold in Ontario.
This transaction is part of Colas’ long-term strategy to continue its development in North America. The North American market has strong growth prospects given the significant construction and maintenance needs for transportation infrastructure.
The acquisition of Miller McAsphalt will allow Colas Canada to expand its geographic coverage, strengthening its presence in Ontario and significantly increasing its bitumen storage and distribution capacity across Canada.
Colas Canada was represented by Stikeman Elliott LLP with a team that included Claire Zikovsky and Michael Ball (corporate/M&A), Frank Mathieu and Adam Drori (tax), Stefan Fews, Mistrale Lepage-Chouinard and Fannie Tremblay (real estate), Larry Cobb and Myriam Fortin (environmental), Howard Rosenoff, Maxime Jacquin and Patrick Morin (banking), Eveline Poirier, Nancy Ramalho and Charif El-Khouri (employment), Paul Collins, Ashley Piotrowski, William Wu (competition) and Jonathan Auerbach (IP).
Miller McAsphalt was led by in-house Senior Counsel, Richard Grant, and John Connon (Goodmans LLP) and was assisted by a team at Goodmans that included Matthew Segal and Randy McAuley (corporate/M&A), Ken Herlin, Bram Green and Tyler D’Angelo (real estate/leasing), Alan Bowman and Michael Royal (tax), Richard Annan and Michael Koch (competition/Investment Canada Act) and Catherine Lyons (environmental) and a team at Miller McAsphalt that included Stacey Stoneham (Counsel) and Mike Bigioni (General Counsel).
The financing for the acquisition was provided pursuant to senior credit facilities offered by a syndicate of lenders for which HSBC Bank Canada acted as administrative agent. Such lenders were represented by Blake, Cassels & Graydon LLP
, whose team was comprised of Simon Finch
and Jennifer Hancock (financial services).