LEXPERT MAGAZINE
|
MARCH 2016 39
merged North America's largest highway
coach manufacturer and the largest urban
bus maker. e combined company is the
number-one heavy-duty bus brand and the
number-one motor-coach brand in North
America with more than 70,000 of its ve-
hicles on North American roads.
Winnipeg-based New Flyer, founded
in 1930, manufactures and sells city tran-
sit buses, such as rapid transit vehicles and
electric trolleys, and provides aermarket
parts and support. Its principal customers
are local transit authorities.
Motor Coach Industries, which itself
dates back to 1933, dominates on the high-
way, designing and selling luxury passen-
ger coaches, hybrid and regular commuter
coaches, university transportation coaches
and even inmate-security transportation
vehicles. Based in Des Plaines, Illinois, the
company has facilities in Winnipeg and
Montréal as well as in Pembina, North Da-
kota and Louisville, Kentucky.
New Flyer expected the deal to save
about $10 million a year in operational sav-
ings through the rationalization of corpo-
as Canadians everywhere are increasingly
using mobile video.
2015
INDUSTRIALS
DEAL OF
THE YEAR
New Flyer Industries
Inc. acquires Motor
Coach Industries
International Inc.
for $455 million
is transaction was all about diversify-
ing an already strong business. New Flyer
Industries Inc.'s $455-million purchase of
Motor Coach Industries International Inc.
rate costs and wider application of its lean
manufacturing programs.
e deal close was subject to the Hart–
Scott–Rodino Antitrust Improvements Act,
the Sherman Antitrust Act of 1890, the
Clayton Antitrust Act of 1914, the Federal
Trade Commission Act of 1914 and the
Competition Act, among others.
2015 CANADIAN
BANK OF THE
YEAR
(
BY DEAL
VOLUME
)
Royal Bank of Canada
e RBC Capital Markets deal teams
guided 34 transactions through closing last
year, the most by any Canadian bank. e
collective value of the deals was US$31.3
billion, including net debt.
RBC was on the blockbuster of the year,
advising Enbridge Inc. on the transfer of
US$24.8-billion of Canadian liquids pipe-
line and renewable energy assets to subsid-
iary Enbridge Income Fund Holdings Inc.
e bank advised Toronto-based gold
miner Romarco Minerals Inc. in the com-
pany sale for US$522 million to Austra-
lian-Canadian miner OceanaGold Corp.
ey were again on the team for the target
when Norbord Inc. acquired the entire
share capital of Ainsworth Lumber Co.
Ltd., a Vancouver-based lumber manufac-
turer and wholesaler, from Brookfield Spe-
cial Situations Management Ltd., a unit of
Brookfield Asset Management Inc. e
stock swap reverse take-over was valued at
US$882 million.
RBC advised Sun Life Financial Inc. in
its US$454.5 million purchase of Bentall
Kennedy LP, a Toronto-based provider of
real estate advisory and investment man-
agement services, from British Columbia
Investment Management Corp. and the
California Public Employees' Retirement
System. ey also helped counsel an inves-
tor's group of Veresen Inc. and Kohlberg
| 2015 DEALMAKERS |
PHOTO:
SHUTTERSTOCK
