Out Like a Lion

NorthPoint Technical acquires Siemens Canada motor repair business

For one company, the pleasantry describing March weather was reversed, to their good fortune. NorthPoint Technical Services ULC made a key acquisition to end March, going out like a lion, which happens to be its affiliate company’s namesake.

Denver-based Lion Equity Partners, announced that its affiliate, NorthPoint, acquired the Canadian motor repair business of Siemens Canada Limited March 29. NorthPoint provides services for all rotating industrial equipment, including motors, generators, gearboxes, switchgear, transformers, pumps, fans and turbines.

NorthPoint, headquartered in Calgary, AB, serves customers in oil & gas, power generation, mining, pulp & paper, infrastructure, marine and transportation industries by solving their most complex equipment repair needs. Operating out of its eight facilities, strategically located across Canada, NorthPoint has the feel of a local business with the strength of a national partner. NorthPoint’s in-house and field engineering teams support customers in on-site diagnosis and troubleshooting around vibration balancing and alignment issues that could lead to equipment failure. NorthPoint will also be a ‘Siemens Approved Partner’ for motors and gearboxes going forward, handling warranty and other repairs and new unit sales of spares at each of its locations.

“NorthPoint is a leader in the repair industry with a strong legacy of quality, customer service and technical capability,” said Ari Silverman, Partner of Lion Equity. “We believe the company’s national footprint is a key differentiator and provides a strong foundation for future growth, both organically and through prospective strategic add-on acquisitions.”

Tom Carney, Operating Partner of Lion Equity, added, “We look forward to working with NorthPoint’s management team to execute the company’s long-term growth strategy. NorthPoint has great people, an expansive footprint and the technical knowhow to be extremely successful going forward.”

Terms of the deal were not disclosed, according to a company press release.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: