TransactionThe Installation Group doubles geographic footprint and gains exposure to Atlantic Canada through the acquisition of Sky-Tec.

OUR ROLE

Capital — Private Equity

SECTOR

Media & Telecom

OUR TEAM

Anthony Lipschitz
Stella Millis
Shayne Bain Venn

Toronto, Ontario – October 19th, 2022 – The Installation Group (“TIG”), a FirePower Private Equity portfolio company, today announced the acquisition of SkyCo Inc. dba Sky-Tec. (“Sky-Tec”). This acquisition expands TIG’s reach from Ontario, Manitoba, Saskatchewan and Quebec, to include Atlantic Canada. Financial terms of the transaction were not disclosed.

Founded in 1984 in Miramichi, New Brunswick, Sky-Tec is a leader in providing reliable and reputable satellite TV, internet and Fiber services to a loyal customer base in the East coast provinces of New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland & Labrador. For over a decade, Sky-Tec has carried out Bell TV’s installation and service provision work, and is an award-winning vendor for Bell TV's Multi-Dwelling Unit.

Kevin MacDonald, outgoing CEO and Founder of Sky-Tec commented “I am extremely pleased that the Sky-Tec team has landed with Robert Lefebvre, CEO of TIG, and TIG who share the same values and vision. . This is truly a great outcome for all concerned and will lead to more work and opportunities for both teams, to continue to deliver exceptional service across a broader range of products.”

Including Sky-Tec into its ecosystem accelerates TIG’s vision of being the number one rural field installation leader for communications and technology products in Canada. The acquisition adds an experienced management team as well as qualified experts skilled in fibre, satellite TV, internet services, locates and security systems installations.

TIG CEO, Robert Lefebvre, commented “We have known the Sky-Tec team for many years and have always held them in high regard. We started our companies at a similar time and have always collaborated and shared ideas, so this feels like a natural progression for both of us to build a bigger footprint across Canada and continue to service our customers with distinction.”

According to Kevin Green, Director of Field Operations, at Bell Canada “The combination of experience, coverage, and expertise that TIG and Sky-Tec bring to our customers was something we were eager to see happen. This partnership of two teams well known to us will lead to more synergies across geographies and our suite of services. We are pleased for Robert, Kevin and for the continued commitment shown by FirePower to support the next phase of growth alongside us.”

Anthony Lipschitz, FirePower Capital’s Private Equity Partner and Chairman of TIG, commented “We are excited to support the acquisition of Sky-Tec by TIG. Our continued investment in TIG as a platform in the telecommunications services industry is primarily driven by our belief that it is largely recession proof as more of the population continue to rely on those services which are critical to their personal and professional lives.”

About Sky-Tec

Sky-Tec is a leader in providing solid, dependable and reputable service to hundreds of thousands of satisfied customers across New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland & Labrador. http://www.skytecsat.com

About TIG

TIG provides professional service and installations for Satellite, Wireless Point to Point Internet and Security Automation systems across Ontario, Manitoba, Saskatchewan Quebec. With our team of certified, trained, career-oriented employees, complemented by real-time quality control, we provide support services to rural areas 365 days year-round. https://installationgroup.ca

About FirePower Capital

FirePower Capital is the private capital and M&A advisory firm built for Canada’s entrepreneurs. Our team of 60+ professionals help mid-market businesses complete mission-critical transactions, by advising them or investing in their companies directly. www.firepowercapital.com

Media contact:

Rieshdah Gabier

Director, Marketing & People

rgabier@firepowercapital.com

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