Redcap&Truss Advises Proline Power Corp.

Redcap&Truss acted as exclusive financial advisor to Proline Power Corp. (“Proline”) on the acquisition of the assets of B-Line Utilities Corp (“B-Line”).

Proline, based in Ponoka Alberta, was established in April of 2012 with a goal of establishing itself as a top competitive power line contractor in Western Canada. Proline provides construction services for building and maintaining overhead and underground power lines.

B-Line, based in Olds Alberta has been meeting the electrical infrastructure construction and maintenance needs of utility companies, REA’s and other customers since 1993.

Redcap&Truss acted as a financial advisor to Proline and facilitated a transaction by:

  • Quarterbacking all due diligence including a review of their asset list and its service offering (both historical and future) and developing an initial estimate of value
  • Coordinating all documentation and communications required between Proline’s advisors, accountants and lawyers and B-Line’s advisors
  • Negotiating the final LOI (letter of intent) and ASA (asset sale agreement) with B-Line

If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.

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