Fulcrum Capital Partners Inc. Has Acquired Mobile Parts Inc.
Founded in 1980, Mobile Parts is a global specialty provider of mining vehicles, parts and related services. The Company serves a global clientele base that includes several of the largest underground mine operators in Canada and abroad. The Company is experiencing strong growth in South America and other emerging markets. Mobile Parts is based in Sudbury, Ontario and has approximately 70 employees.
The transaction was completed with equity from Fulcrum’s fourth private equity fund, Fund IV, and equity from existing management. Mobile Parts is the fourth investment in Fulcrum Capital Partners Private Equity Fund IV. Senior financing for the transaction was provided by HSBC Bank Canada.