TORONTO, January 22, 2015 – Market Square Equity Partners (“MSEP”) acquired D.M. Robichaud Associates Ltd. (“DMR”), a leading sewer inspection and rehabilitation firm. The new incoming CEO, Shane Magee, will co-invest with MSEP in the transaction and the existing management team and selling shareholders will retain an equity position in the business.
DMR, located in Oshawa, ON, is one of the most respected sewer inspection and rehabilitation firms in Canada. Established in 1991, DMR has been leader in sewers maintenance since its inception and offers a broad range of innovative trenchless solutions, including lateral and mainline lining, robotic cameras, and iPad enabled customer integration.
MSEP’s investment in DMR is its second platform investment in its key focus area of infrastructure services. “We are very excited to partner with the team at DMR and believe that there exist growing opportunities in sewer infrastructure repairs” said Derrick Ho, Managing Partner at MSEP. “We were very impressed by DMR’s experience, reputation and customer service that makes them the best-in-class service provider in the sewer industry” added Matt Hall, Managing Partner at MSEP.
Market Square Equity Partners is a research driven, industry focused private equity firm based in Toronto, Ontario. MSEP’s partners have a combined 70+ years in private equity and venture capital, and have been involved in over 100 transactions. MSEP focuses primarily on lower middle market companies in Canada with high growth potential, either organically or through acquisition. At present, MSEP is focused on investments in infrastructure services.