Acquisition Expands JENNMAR Canada's Footprint
in the Region's Hardrock Market
PITTSBURGH, June 24,
2024 /CNW/ -- JENNMAR, a leading global provider
of infrastructure products and specialized services to the civil,
solar, mining, and construction industries and a FalconPoint
Partners portfolio company, today announced that it has acquired
the assets of Dumotech Industrial Products ("Dumotech"). Based in
Rouyn-Noranda, Quebec, Dumotech
specializes in the manufacturing and distribution of products and
hardware for the hardrock mining industry and has been operating
for nearly 30 years.
As part of the acquisition, JENNMAR will acquire Dumotech's
operating assets as well as certain customer relationships, and
will continue to operate from the existing Dumotech facility in
Rouyn-Noranda. Terms of the
transaction were not disclosed.
"We are thrilled to welcome Dumotech to the JENNMAR family of
companies as we continue to build JENNMAR's presence in
Canada," said Tony Calandra, CEO of JENNMAR. "Dumotech's
capabilities position JENNMAR to continue to meet the region's
hardrock market demand and better serve new and existing customers
with our innovative products and services."
"The addition of Dumotech to our Canadian operations firmly
plants our footprint in Quebec and
gives us even greater proximity to our expanding customer base in
the region," added David Hurd, Vice
President of International Sales and Managing Director of JENNMAR
Canada. "We look forward to further bolstering the JENNMAR Canada
team with the addition of Dumotech."
"We are proud to take this important step for our business, and
to join the JENNMAR family and legacy," said Luc Hamelin, Executive Director of Dumotech.
"JENNMAR's expertise will enable us to strengthen our Quebec offering, expand our product range, and
deliver higher-quality service – preserving and enhancing our local
proximity while adding greater value to the region's mines."
This acquisition builds on JENNMAR's growing global portfolio,
including its recently announced acquisitions of Australian Steel
& Wire and G&R Gas Services.
About JENNMAR
JENNMAR, is a leading global
provider of infrastructure products and specialized services to the
civil infrastructure, solar, mining, and construction industries.
For over 100 years, JENNMAR's focus has been on manufacturing
products and providing solutions that help keep workers safe and
productive. JENNMAR Canada is based in Sudbury, Canada, operating a best-in-class
facility providing the Canadian mining industry with a
comprehensive range of ground support options. For more
information, please visit www.jennmar.com.
About FalconPoint
FalconPoint is a private equity firm
which invests in North American middle market companies in the
business services and industrials sectors. The firm leverages a
partnership-oriented approach and relationship-based sourcing
strategy to identify and execute on idiosyncratic opportunities to
acquire businesses that provide mission critical products and
services. For more information, please visit
www.falconpointpartners.com.
Contacts
JENNMAR
Michelle
Eastly
Marketing Director, JENNMAR
meastly@jennmar.com
FalconPoint
Ed Trissel
/ Sarah Salky
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
FalconPoint-JF@joelefrank.com
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SOURCE JENNMAR