The marine-services provider said New York-based private equity firm Blue Wolf Capital will pay $67 per share in the deal, which is subject to closing conditions. The company has been controlled by the Paquin family since Roger Paquin founded it in 1940. (The Logic)
Talking point: Blue Wolf will keep Logistec’s head office in Quebec as part of the deal, which is expected to close in the first quarter next year. It is the latest in a series of U.S.-based acquisitions of Quebec firms. Last month, Boston-based Haemonetics said it was buying Quebec City-based OpSens, a fibre-optic cardiology device maker, in a deal valued at roughly $345 million. Also in October, New York-based Ember said it was acquiring H2O Innovation, a Quebec City-based water solutions provider, in a deal that valued the company at $395 million.