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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Andlauer Healthcare Group Acquires 100% of Boyle Transportation and Remaining 51% of Skelton USA

2021

Areas Banking and Finance Law, Corporate Finance and Securities

Summary

Goodmans LLP acted for Andlauer Healthcare Group Inc. (TSX: AND) ("AHG" or the "Company") in connection with its acquisitions (the "Acquisitions") of 100% of T.F. Boyle Transportation, Inc. ("Boyle Transportation") and 51% of Skelton USA Inc. ("Skelton USA"), increasing AHG's aggregate ownership of Skelton USA to 100%.

The purchase price for Boyle Transportation was approximately US$80 million (subject to customary purchase price adjustments) and was satisfied through the issuance of 522,116 subordinated voting shares and cash of approximately US$60 million. The purchase price for the 51% interest in Skelton USA was approximately C$50 million and was satisfied through the issuance of 518,672 subordinated voting shares and cash of approximately $25 million.  AHG financed the cash portion of the purchase price for the Acquisitions with the proceeds of its recently completed equity offering.