Stuart Olson acquires outstanding common shares of Studon Electric & Controls Inc.

January 6, 2015

Client: Stuart Olson Inc.

On January 6, 2015, Stuart Olson Inc., a company that provides building construction, commercial and industrial electrical contracting, and industrial insulation services to an array of public and private sector clients, acquired all of the issued and outstanding common shares of Studon Electric & Controls Inc. for consideration of approximately $76.2 million, which may be increased by a maximum of $25.8 million through earn-out payments over a three year period.  

The acquisition of Studon strengths the vertical integration of Stuart Olson's Industrial Group and supports Stuart Olson's objective of growing this group into a self-performing general contractor.

Stuart Olson was represented in-house by Evan Johnston, Vice President, General Counsel & Corporate Secretary and by Norton Rose Fulbright Canada LLP.  The Norton Rose Fulbright team was led by Marcus Archer and included Dion Legge, Danielle Maksimow and Jennifer Kwong.