PKF Investment Banking Closes Sale of Triad Unlimited LLC
Transaction benefits from close collaboration between PKF Investment Banking and PKF O’Connor Davies
PKF Investment Banking (PKFIB), the investment banking affiliate of PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, today announced the sale of its client, Triad Unlimited LLC, a leading reliability engineering services provider, to ATS Corporation, a publicly traded automation solutions provider based in Ontario, Canada. The transaction reinforces the PKFIB team’s unique access to a breadth of M&A advisory tools, resources and support from across the greater PKF O’Connor Davies organization.
“The success of this deal is due in large part to the many synergies established between our team and our PKF O’Connor Davies colleagues throughout the transaction’s lifecycle,” said Robert Murphy, Senior Managing Director of PKF Investment Banking. “In particular, the financial reporting and due diligence support provided by our PKF O’Connor Davies teammates enhanced our ability to improve the terms of ATS’ offer. Together, we were able to bring the transaction to a favorable conclusion within 75 days and ensure the Triad team received the best possible outcomes in its negotiation with ATS.”
Triad Unlimited employs a network of highly skilled asset management practitioners who provide trusted and effective governance, life cycle, reliability, spare part, work and calibration solutions. Triad’s maintenance and reliability services have benefitted hundreds of projects in a wide range of industries, including agribusiness, chemical, facilities, life sciences, manufacturing, oil and gas, power and transportation. The company’s interconnected Asset Management Framework and proprietary Relialytics™ software will now support ATS’ after sales and service initiatives, as well as bolster its connected-asset value chain and predictive maintenance abilities.
“When we engaged PKF Investment Banking, we were already in discussions with ATS,” said Michael Greenholtz, Co-Owner of Triad Unlimited. “They exceeded our expectations in achieving more favorable deal terms, resolving issues, providing counseling to each owner and driving the process to an efficient and timely closing. Their partnership throughout our engagement ensures Triad is well-positioned to embark upon its next chapter with ATS.”