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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 Skelton Canada and 49% of Skelton USA

2021

Areas Banking and Finance Law, Commercial Real Estate, Corporate and Commercial, Corporate Finance and Securities, Employment and Labour, Tax

Summary

On March 1, 2021, Andlauer Healthcare Group Inc. (TSX: AND) ("AHG") acquired 100% of Skelton Canada Inc.  ("Skelton Canada") and 49% of Skelton USA Inc. (together with Skelton Canada, the "Skelton Companies") for total aggregate consideration of approximately C$114.7 million, subject to customary working capital adjustments (together, the "Acquisitions"). A

The Skelton Companies are specialized in the transportation of refrigerated healthcare products. The Skelton Companies will join AHG's comprehensive platform of dedicated healthcare supply chain solutions and continue to operate independently led by President, North America, Ron Skelton and Vice President, Mike Skelton.

 AHG financed the Acquisitions through a combination of cash on hand and by drawing C$75 million on its credit facilities and issuing 757,576 AHG subordinate voting shares to the shareholders of the Skelton Companies. In connection with closing of the Acquisitions, AHG  increased the size of its credit facilities. The amended facilities now consist of a revolving facility in the aggregate principal amount of up to C$100 million and a term facility in the aggregate principal amount of up to C$50 million.