Proline, based in Ponoka Alberta, was established in April of 2012 with a goal of establishing itself as a top competitive power line contractor in Western Canada. Proline provides construction services for building and maintaining overhead and underground power lines.
B-Line, based in Olds Alberta has been meeting the electrical infrastructure construction and maintenance needs of utility companies, REA’s and other customers since 1993.
Redcap&Truss acted as a financial advisor to Proline and facilitated a transaction by:
- Quarterbacking all due diligence including a review of their asset list and its service offering (both historical and future) and developing an initial estimate of value
- Coordinating all documentation and communications required between Proline’s advisors, accountants and lawyers and B-Line’s advisors
- Negotiating the final LOI (letter of intent) and ASA (asset sale agreement) with B-Line
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.