CVTech buys Toronto electrical services provider
$2.7M B.G. High Voltage Systems acquisition extends CVTech’s Ontario reach.
January 31, 2013
by PLANT STAFF
Business Operations
Operations
Sustainability
Energy
acquisition
CVTech
electricity
mergers and acquisitions
Quebec
services
DRUMMONDVILLE, Que.: CVTech Group Inc. has signed a letter of intent to acquire B.G. High Voltage Systems Ltd., a provider of electrical services, for $2.7 million.
B.G. High Voltage, based in Toronto, plans, installs and maintains substations, transformers, as well as overhead and underground electricity distribution systems.
CVTech, which serves the electrical energy sector in Quebec, Ontario and the eastern US, said the company is expected to generate revenues of approximately $8.5 million for the 12 months ending in March 31.
