February 08, 2010
David Dodge to give keynote address at Signal Hill’s Advisory Board Dinner
Toronto - Signal Hill Equity Partners (“Signal Hill”), announced that it will hold its Advisory Board Dinner on April 14th 2010 at The Toronto Club. The evening will include a key-note address by David Dodge, former Governor and Chairman of the Bank of Canada, and feature spirited discussion on the status of the Canadian economy.
In addition, the evening will also include perspectives on infrastructure spending in Canada by Dr. Gina Cody, CEO of Construction Control Inc., an engineering services company owned in part by Signal Hill, and Paul Lechem, Executive Director — Equity Research, CIBC World Markets.
The advisory board dinner is by invitation only.
Signal Hill Equity Partners
Signal Hill Equity Partners is a Toronto-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 50 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
James C. Johnson, Managing Partner
tel: 416-847-1170
jjohnson@signalhillequity.com
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January 25, 2010
Colleen Moorehead to be Inducted into the Marketing Hall of Legends
Toronto - The Marketing Hall of Legends (“MHOL”) announced that it had selected Colleen Moorehead as one of its 2010 Inductees, for her significant contribution to marketing and brand-building and her powerful impact in the Canadian and global marketplace. Colleen was recognized for her extensive track record of building and restructuring great businesses, including her role at E*TRADE Canada, where as Founder and President she led the organization from a start-up to becoming the largest independent on-line investment firm in Canada.
Colleen was amongst eight outstanding marketing professionals to be inducted this year, which included such notable Canadian entrepreneurs and business leaders such as Jean Coutu and François J. Coutu of Jean Coutu Group Inc., Chip Wilson of lululemon athletica, and Annette Verschuren of Home Depot Canada, amongst others.
“The success of any brand is based on the people behind it, and this year’s inductees have certainly shown their unparalleled leadership in this area,” said Jim Warrington and Stéfan Danis, Co-Chairs, Marketing Hall of Legends. “All of these talented individuals have dedicated their lives to the pursuit of excellence in the field of marketing. They have been nominated by their peers and selected by a distinguished panel of marketing leaders, a true testament to their exemplary contributions to the industry. We are proud to welcome all of these marketing role models into the Marketing Hall of Legends.”
About the Marketing Hall of Legends
The Marketing Hall of Legends of Canada was conceived in 2004 by the Toronto Chapter of the American Marketing Association (AMA) and Mandrake, an executive search firm with a specialty in marketing, to honour and celebrate the achievements of Canada’s marketing professionals. Founding Friends, sponsors, executive judges, nominators, committee volunteers, nominees and inductees all give time, talent and money to ensure the people, successes and vitality of the Canadian marketing profession lives on. Premier sponsors include The American Marketing Association Toronto Chapter, Mandrake, Rogers, The Globe and Mail, CTV and Marketing Magazine. MHOL is a proud participant in the second annual Advertising Week. For information, visit www.marketinghalloflegends.ca.
Signal Hill Equity Partners
Signal Hill Equity Partners is a Toronto-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 50 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
James C. Johnson, Managing Partner
tel: 416-847-1170
jjohnson@signalhillequity.com
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December 01, 2009
Signal Hill Equity Partners Invests in Construction Control Inc.
Toronto — Signal Hill Equity Partners (“Signal Hill”), announced today that it has made an equity investment in Construction Control Inc. (“CCI” or the “Company”), a specialized engineering services company based in Ontario. The investment will provide CCI with the capital required to expand with its clients across Canada.
“We are very excited to partner with CCI and to facilitate the Company’s growth objectives,” said James Johnson, Managing Partner, Signal Hill. “Under the leadership of Dr. Gina Cody, the Company has developed a unique reputation within the industry and represents an attractive platform for an investment in the Canadian engineering services market.”
“Today’s announcement is another major milestone for CCI,” said Dr. Gina Cody, President, CCI. “Our management team is looking forward to utilizing the unique knowledge and transaction experience of Signal Hill to create a national engineering services company.”
Founded in 1972, CCI is a Toronto based multi-disciplinary engineering firm that provides engineering services relating to the construction and rehabilitation of building structures for a variety of established customers, including leading financial institutions, REITs, property managers, condominium corporations and government institutions. With an employee base consisting of experienced engineers, building scientists, and environmental specialists, CCI provides a full scope of engineering services across the life cycle of a building.
About Signal Hill Equity Partners
Signal Hill Equity Partners is a Toronto-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 50 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
James C. Johnson, Managing Partner
tel: 416-847-1170
jjohnson@signalhillequity.com
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September 02, 2008
Signal Hill Adds Successful Business Leader, Colleen Moorehead, as Entrepreneur in Residence
Toronto, September 2, 2008 - Signal Hill Equity Partners, one of Canada's leading mid-market private equity firms, is pleased to announce the addition of Colleen Moorehead as Entrepreneur in Residence. Colleen has over 20 years of experience building and leading companies in senior management positions. As an Entrepreneur in Residence, Colleen will assist Signal Hill in identifying and evaluating new investment opportunities and assisting portfolio companies in executing strategies.
Colleen Moorehead
Colleen is a seasoned business executive with international experience and a track record of buidling and restructuring great businesses. Following a successful career at Merrill Lynch and CIBC in investment banking and retail investments, Colleen founded E*TRADE Canada where, as President, she led the organization from a start-up to becoming the largest independent on-line investment firm in Canada. Ms. Moorehead also served as Vice President and General Manager of E*TRADE Financial Global Corporate Services. Most recently Colleen served as President and CEO for Nexient Learning Inc where she successfully restructured and recapitalized the company.
Ms. Moorehead is a co-founder of The Judy Project, an Enlightened Leadership Forum for Executive Women at the Joseph Rotman School of Management, University of Toronto, and currently serves as its Business Director. She also serves, and has served, on many professional and community boards including, The Task Force to Modernize Securities Legislation in Canada, Canadian Scholarship Trust Foundation, Canadian e-Business Initiative, Covenant House of Toronto, TSX Policy Committee, Investment Dealers Association, and Stratford Summer Music.
"Colleen has built great companies in the past and understands the challenges that management teams face on a daily basis," said James C. Johnson, Managing Partner, Signal Hill Equity Partners. "Her energy, experience and sound business judgement place her in a unique position to counsel portfolio companies and find new investment opportunities."
About Signal Hill Equity Partners
Signal Hill Equity Partners is a Toronto-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 50 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing businesses. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
Signal Hill Equity Partners Inc.
4 King Street West, Suite 1000
Toronto, Ontario, M5H 1B6
James C. Johnson, Managing Partner
tel: 416-847-1170
jjohnson@signalhillequity.com
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July 09, 2008
Orbit Garant Drilling Inc. Closes $60 Million Initial Public Offering and Secondary Offering
Orbit Garant Drilling Inc. ("Orbit Garant" or the "Company") (TSX:OGD) is pleased to announce today the completion of its initial public offering of 7,505,006 common shares at a price of $4.00 per share for total gross proceeds to Orbit Garant of $30,020,024 as well as the secondary offering by shareholders of Orbit Garant of 7,494,994 common shares for total gross proceeds to the selling shareholders of $29,979,976. The Company's common shares began trading on the Toronto Stock Exchange today under the symbol "OGD".
The offering was sold through a syndicate of underwriters led by CIBC World Markets Inc. and RBC Dominion Securities Inc. and including National Bank Financial Inc., GMP Securities L.P. and Desjardins Securities Inc. (collectively, the "Underwriters"). The selling shareholders of Orbit Garant have also granted to the Underwriters an over-allotment option, exercisable for a period of 30 days from the closing of the offering, to purchase up to an additional 2,250,000 common shares of the Company from the selling shareholders at a price of $4.00 per share, solely in order to cover over-allotments, if any, and for market stabilization purposes.
The Company will use the net proceeds of the treasury component of the offering to repay amounts outstanding under its existing credit agreement and for the payment of purchase price, working capital and other adjustments pursuant to the share purchase agreement under which the Company previously acquired Forage Orbit Inc. The Company will not receive any proceeds from the secondary offering or from the exercise of the over-allotment option.
As part of the secondary offering, 6705570 Canada Inc. ("Gesco"), a company controlled and owned as to approximately 90% by Pierre Alexandre, sold 2,257,482 common shares, 1684182 Ontario (International) LP ("1684182 International") sold 2,825,805 common shares directly owned by it and 1684182 Ontario LP ("1684182 Ontario") sold 1,074,195 common shares directly owned by it. In addition, Pierre Alexandre directly acquired ownership and control of an additional 500,000 common shares pursuant to the offering, and was granted options to acquire 75,000 common shares on the closing of the offering.
Following the completion of the offering, Pierre Alexandre controls a total of 10,270,451 common shares (representing approximately 31.8% of the 32,281,542 issued and outstanding common shares). Of these, Pierre Alexandre directly owns 500,000 common shares and indirectly beneficially owns, through his approximately 90% ownership interest in Gesco, 8,793,406 common shares, representing approximately 28.8% of the 32,281,452 issued and outstanding common shares. Pierre Alexandre also holds options exerciseable for 75,000 common shares at an exercise price of $4.00 per common share. In addition, 1684181 Ontario Inc. currently controls a total of 5,491,550 common shares of Orbit Garant, representing approximately 17% of the 32,281,542 issued and outstanding common shares as general partner of each general partner of 1684182 International and 1684182 Ontario. Of these, 1684182 International directly owns 3,978,986 common shares (representing approximately 12.3% of the 32,281,542 issued and outstanding common shares) and 1684182 Ontario directly owns 1,512,564 common shares (representing approximately 4.7% of the 32,281,542 issued and outstanding common shares).
In addition, Pierre Alexandre, Gesco, Eric Alexandre, 1684182 Ontario, 1684182 International (collectively the "Shareholder Parties") and Orbit Garant entered into a voting agreement on the closing of the offering pursuant to which (i) Orbit Garant Drilling Inc. agreed to nominate for, and the Shareholder Parties, agreed to vote in favour of, certain persons as directors of Orbit Garant and (ii) the Shareholder Parties agreed to vote their common shares in the same manner on any matter that may come before the shareholders of Orbit Garant (provided that, if they cannot mutually agree on the manner in which their common shares will be voted, the matter will be referred to a mediator and if no agreement is reached following mediation, they will vote their common shares in their own discretion).
The acquisition of the common shares by each of Pierre Alexandre, Gesco, 1684182 International and 1684182 Ontario was made for investment purposes only. Each of Pierre Alexandre, Gesco, 1684182 International and 1684182 Ontario may, subject to market conditions and in accordance with applicable securities laws, take other actions in respect of its investment in Orbit Garant, including making additional investments in or effecting dispositions of securities of Orbit Garant, including additional purchases of common shares.
If the over-allotment option granted in favour of the Underwriters is exercised, each of Gesco, 1684182 International and 1684182 Ontario will sell up to an additional 525,668, 658,004 and 250,132 common shares, respectively, at a price of $4.00 per common share.
Pursuant to a registration rights agreement entered into on the closing of the offering between Orbit Garant, Pierre Alexandre, Eric Alexandre, Gesco, 1684182 Ontario and 1684182 International, 1684182 Ontario and 1684182 International together and Gesco will have the right to request that Orbit Garant increase the size of any equity offering for which Orbit Garant files a prospectus by up to 25% and 15%, respectively, in order to sell common shares held by them.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Orbit Garant
Orbit Garant is one of the largest Canadian-based drilling companies, providing both underground and surface drilling services in Canada and internationally through its 116 drills and approximately 500 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production.
For further information, please contact:
Orbit Garant Drilling Inc.
Eric Alexandre
President and Chief Operating Officer
819-824-2707 x 233
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May 13, 2008
Orbit Garant Drilling Inc. Announces Filing of Preliminary Prospectus
for Initial Public Offering and Secondary Offering
TORONTO, ONTARIO--(Marketwire - May 13, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Orbit Garant Drilling Inc. ("Orbit Garant") today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with the proposed initial public offering of common shares by Orbit Garant and a secondary offering by certain shareholders of Orbit Garant. The offering will be made through a syndicate of underwriters led by CIBC World Markets Inc.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Orbit Garant
Orbit Garant is one of the largest Canadian-based drilling companies, providing both underground and surface drilling services in Canada and internationally through its 116 drills and approximately 500 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production.
For more information, please contact:
Orbit Garant Drilling Inc.
Eric Alexandre
President and Chief Operating Officer
819-824-2707 x 233
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January 23, 2008
Signal Hill Equity Partners closes $100 million Fund II
SIGNAL HILL EQUITY PARTNERS II, LP CLOSES WITH $100 MILLION OF CAPITAL COMMITMENTS
(Toronto, January 23, 2008): Signal Hill Equity Partners, an independent, mid-market private equity manager, is pleased to announce it has recently completed the first and final closing of its second private equity fund, Signal Hill Equity Partners II, LP. The fund received $100 million of capital commitments, its capped amount.
The investors in Signal Hill Equity Partners II, LP include a constituency of international investors, Canadian private investors and some of the largest institutions in Canada. We are extremely pleased that limited partners representing more than 97% of the capital commitments in Signal Hill Equity Partners I, LP (co-managed by Ironbridge Equity Partners Limited) are participating in the second fund.
Signal Hill Equity Partners is managed by investors who have completed over 50 transactions during their 30 years of collective experience. We focus on Canadian mid-market manufacturing, distribution, consumer products and business services companies and support management teams to build successful and enduring businesses.
Successful investments completed by Signal Hill Equity Partners I, LP include: Orbit Garant Drilling Inc, one of the largest Canadian-based drilling companies servicing the domestic and international mining industry; and, Gesco Industries Inc, one of Canada’s leading national floor covering distributors with five distribution facilities. Gesco has operated under the SHNIER name since 1934.
Signal Hill takes its name from the renowned Canadian historical site which has served as an important communication link and place of innovation. For centuries, its strategic location overlooking the City of St. John’s, Newfoundland made Signal Hill the central observation point between the mainland and the activities at sea. Its importance as a communication link continued into the 20th century, as the reception point of the first transatlantic wireless signal by Guglielmo Marconi in 1901. Signal Hill Equity Partners represents these same principles of communication, innovation and perseverance.
We are very excited about the prospects for Signal Hill Equity Partners II, LP and encouraged by the several opportunities currently under consideration.
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James C. Johnson
Managing Partner
416-847-1170
jjohnson@signalhillequity.com -
Zaheed Poptia
Vice President
416-847-1171
zpoptia@signalhillequity.com