TORONTO, September 3, 2021 – Brookside Capital Partners is pleased to announce today that they, together with management, have completed the sale of ATS Services Ltd. to an entity controlled by CAI Partners (Vancouver).
The financial terms of the transaction were not disclosed.
Over the course of its investment, Brookside supported management's efforts to build out and expand its service sites across Canada, increase its instrumentation sales, and improve internal systems and processes.
“The ATS management team were exceptional partners and did an impressive job in growing a highly sustainable and predicable cash flow business,” said David Hass, Managing Partner of Brookside. “We are grateful for the collaborative partnership with management over the last five years and wish them all the best in their new partnership with CAI.”
“Brookside was a great partner for the ATS management team,” said David Macphail, President and CEO of ATS. “They provided valuable insights and guidance as we executed our strategic plan and navigated the strong growth experienced by the business. We thank the Brookside team for their support and are excited for the next chapter.”