American Industrial Partners and the Brock Group completes acquisition of Chinook Scaffold Systems
by CM staff
The acquisition of Chinook adds to the market expansion into Western Canada and allows for expanding product and service offerings.
NEW YORK — American Industrial Partners (AIP) and the Brock Group (Brock) announced the acquisition of Chinook Scaffold Systems, headquartered in Nanaimo, British Columbia, Canada
Chinook is a provider of scaffolding and insulation systems serving oil and gas, smelters, mining, dams and pulp and paper customers throughout Western Canada including British Columbia, Alberta and Saskatchewan.
Brock (acquired by AIP in 2017) provides soft-craft services of scaffolding, insulation, paint and asbestos abatement to industrial, oil and gas, power generation, petrochemical and nuclear markets across the United States and Canada. The business has continued to grow its footprint by adding market segments, including in the food & beverage, pharmaceutical, and municipality industries.
In 2018, Brock acquired Advanced Thermal Corporation to strengthen its insulating business by adding removeable blanket systems as a core product offering. In 2022, the Brock Group added the Schultz, Brinderson and AllSafe brands to expand its geographical and mechanical services capacity with long-term relationships with blue chip customers along the US west coast.
The acquisition of Chinook adds to the market expansion into Western Canada and allows for expanding product and service offerings.
“The combined entities create a powerful business that will have the scale, expertise, and a strong balance sheet with which to serve a diverse customer portfolio,” said Randall Swift, Partner at AIP.
Terms of the transaction were not disclosed. Torys LLP acted as legal advisor to Brock. Capital West Partners acted as financial advisors for Chinook.
