March 01, 2021

Andlauer Healthcare Group Acquires 100% of Skelton Canada and 49% of Skelton USA

Goodmans LLP acted for Andlauer Healthcare Group Inc. (“AGH”, TSX: AND) in connection with its acquisition of 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").

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.

Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
Clients note, "They get our business and what we're trying to accomplish. It's not just technical advice." — Chambers Canada
One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
Clients note, "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global
Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global
One client noted, "very strong legal minds, focus in on the business issues...good communicators, include my internal team as much or as little as we may want on a particular project." — IFLR1000
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
Clients commend Goodmans for being, "very entrepreneurial in their culture, in addition to being able to provide sophisticated and excellent legal assistance." — Chambers Canada

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