KRG Capital Partners Completes Sale of Focus Group Holding Inc. to WSP Global Inc.
DENVER, CO (April 14, 2014) – KRG Capital Partners (KRG) a Denver-based private equity firm, has completed its previously announced sale of Focus Group Holding Inc. (Focus) to WSP Global Inc. (WSP; TSX:WSP). Focus is a leading provider of engineering services in Western Canada to the energy and infrastructure end markets. WSP is one of the world’s leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines.
The sale of Focus delivers a successful return for KRG’s Fund III limited partner investors, and builds on KRG’s track record of executing its buy-and-build investment approach. Over the life of the investment, KRG partnered with Focus management to complete nine add-on acquisitions, resulting in significant value creation for all shareholders.
Harris Williams & Co. served as financial advisor to Focus, and Stikeman Elliott LLP acted as legal counsel to Focus in the transaction.
About Focus: Focus is a leading multi-disciplinary engineering and consulting firm serving oil, gas and civil markets throughout Western Canada. Focus offers a comprehensive range of high quality, sophisticated engineering and consulting services that are best-in-class across divisions. The company has concentrated on creating a highly integrated and diversified engineering service solution, which enables seamless execution and an ability to service the full spectrum of customer’s engineering needs across the oil and gas value chain and civil markets. The Focus platform is composed of four divisions: facilities engineering, pipeline, geomatics, and civil engineering. More information on Focus is available at www.focus.ca.
About KRG: Founded in 1996, KRG is a Denver-based private equity firm with $4.3 billion of capital either deployed or available for future investment, which includes approximately $1 billion deployed since inception on behalf of equity co-investors. KRG specializes in acquiring majority interests in middle-market companies and growing them into significantly larger enterprises through the combination of internal growth and selective strategic add-on acquisitions. KRG Capital seeks investment opportunities where we can partner with existing management teams that are committed to building a best-in-class industry leading companies. Since inception, KRG has invested in 46 platform companies and has completed 150 add-on acquisitions for those platforms. More information on KRG is available at www.krgcapital.com.