Englobe is a leading applied sciences services company with operations in Canada, France and the UK.

www.englobecorp.com

Investment

C$60 million

Fund

ONCAP II

Period

March 2006 – Present

ONCAP Team

Gregory Baylin
Aly Hadibhai

Englobe Corporation logo

Transaction Summary

ONCAP created Englobe Corp. (“Englobe”) as a platform to execute on its investment thesis pertaining to environmental and engineering services consisting of a number of acquisitions including EMS, Biogénie, Celtic Technologies, LVM, Crandall Engineering, MLE, DST, Arrow, Terraprobe and Protostatix, MPE and BCL Engineering.

Business Description

Headquartered in Laval, Québec, EnGlobe Corp. (Englobe") is a leading provider of specialty environmental and engineering services to public and private sector clients in Canada, France and the U.K.  The company’s operations consist of two business units: Professional Services which provides offerings such as geotechnical and structural engineering, material testing and inspection, and other specialty engineering; and materials management and beneficial reuse which helps clients treat contaminated soil and biomass and beneficially reintroduces the improved material into the environment.

Investment Thesis

The thesis underpinning Englobe is based on the increasing demand for environmental services stemming from society’s increasing environmental sensitivity as well as the growing need to maintain and upgrade public infrastructure. Englobe is an integrated platform of highly complementary services focused on the environmental and infrastructure markets with several attractive investment attributes, including: (i) difficult to replicate network of strategic assets & technical capabilities; (ii) multi-national platform of scale in a highly fragmented industry; (iii) stable and diverse business model underpinned by a blue-chip client base; (iv) attractive free cash flow characteristics; (v) a strong management team; and (vi) opportunities for both organic and acquisition driven growth within a highly fragmented market.