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MechCan Inc. acquires Pope & Sons Refrigeration Ltd. to strengthen Canadian HVAC portfolio

Jun 24, 2024•over 1 year ago

Acquiring Company

MechCan

Acquired Company

Pope & Sons Refrigeration Ltd

TorontoBuilding Maintenance

Description

MechCan Inc. is pleased to announce its acquisition of Pope & Sons Refrigeration Ltd. This acquisition marks MechCan’s second transaction in British Columbia and demonstrates MechCan’s commitment to supporting multi-generation family businesses like Pope & Sons while expanding its portfolio in the HVAC industry.

Company Information

Company

MechCan

Location

Toronto, Ontario, Canada

About

MechCan Inc. is a proudly Canadian acquiror of and partner to HVAC, plumbing and electrical contractors nationwide. MechCan provides upfront liquidity, ongoing cash distributions, and long-term alignment to entrepreneurs and owners of skilled trades businesses in return for an economic stake in their business. Partner companies maintain their local brand and continue to operate independently while benefitting from shared services and assistance with business operations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed