Over 180 Technology M&A Transactions since 1998
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Charlotte, NC; December 18, 2014 — DecisionPoint, a leader in M&A advisory services for middle-market technology companies, announced today that its client, Kraus Global Ltd., a leading designer, assembler and manufacturer of compressed natural gas refueling dispensers and electronic systems, has been acquired by PRIVEQ Capital Funds (“PRIVEQ”), a manager of several private equity portfolios with assets of $85 million. Terms of the deal were not disclosed.
Kraus is the leading designer and manufacturer of compressed natural gas (“CNG”) refueling dispensers and electronic control systems in North America. Based in Winnipeg, Canada, Kraus supplies the major CNG North America retailers in this increasingly expanding marketplace. Kraus is also a prominent supplier of dispensing and electronic control systems for other alternative fuels.
“We are delighted to be partnering with Kraus’ management team in this rapidly growing industry” said Brad Ashley, Managing Partner of PRIVEQ Capital Funds.
“Our commitment to provide our customers with premium CNG dispensing solutions remains paramount” said Ossama AbouZeid, CEO of Kraus. “We are very excited to have PRIVEQ join us in the next phase of Kraus’ growth”.
About Kraus Global
Kraus Global Ltd. is a global market leader that designs, assembles and manufactures dispensers and electronic systems for the alternative fuel market. The Company’s products are used to discharge alternative fuels – Compressed Natural Gas (“CNG”), Liquid Petroleum Gas (“LPG”), Liquid Natural Gas (“LNG”), and Hydrogen (“H2”). Kraus has sold more than 6,000 dispensers worldwide and has a considerable market share of dispenser sales as well as a trusted brand built over 30 years. The Company has successfully supplied many first time installations due to its quality products, professionally designed turnkey station packages and previous track record of successfully operating equipment. For more information, visit www.krausglobal.com.
About PRIVEQ Capital Funds
Founded in 1994, PRIVEQ Capital Funds (“PRIVEQ”), based in Toronto, Canada, manages several private equity portfolios with assets of $85 million. The company was formed to respond to the absence of value-added equity in the $3 million to $7 million range. Investing on an equity or quasi-equity basis, PRIVEQ provides “tailor made equity solutions” to profitable growing companies that require expansion, buy-out or buy-in capital. Since its inception, PRIVEQ has become a market leader for private equity in this space. As an equity partner, the company not only commits capital utilizing a highly expedited investment approach, but also provide real value-added assistance post-investment to portfolio companies. Its assistance and expertise further enhance a company’s value to generate superior returns for all stakeholders. PRIVEQ focuses on profitable and growing niche service, distribution and manufacturing companies in Canada and the United States, which are located within 5 hours of travel from Toronto, Canada. For more information, visit www.priveq.ca.
About DecisionPoint
DecisionPoint is a unique leader in M&A advisory services for middle-market technology companies and their venture capital investors in the software, services, cleantech, biotech, healthcare IT and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Andy Agrawal, Managing Partner; (704) 943-5250; aagrawal@decisionpointint.com.