Burlington, ON January 6, 2022 / – InSite Engineering (“InSite”), a Newlook Capital Inc. Industrial Services Fund portfolio company, is pleased to announce the acquisition of Nelson Engineering (“Nelson”) located in Birmingham, Alabama. The transaction closed on December 10, 2021.
Nelson is a professional engineering design services and project management company providing civil and environmental consulting engineering services in the Southeast for over 30 years. Nelson works for municipalities, counties, municipal boards, and public utility districts, and specializes in the design of water, wastewater, and natural gas facilities.
”We are excited to add the staff of Nelson to our team and look forward to adding their knowledge and expertise to the firm as we continue to grow and expand our operations,” said Bryan Pate, InSite’s CEO.
“This acquisition is a great example of working with Newlook operating partners to source and acquire business that will continue to grow the platform. Bryan and his team continue to perform at the highest level,” notes Elroy Gust, Newlook’s Chief Executive Officer.
ABOUT NEWLOOK CAPITAL INC.
Newlook Capital is a private equity firm that currently manages 2 industry-specialized funds. Each fund has its own focused, experienced, and aligned management, and a defined strategy. Investing throughout Canada and the U.S. with a preference for companies that exhibit a solid tangible assets base, Newlook Capital is focused on and current holdings include; industrial services in Canada and the U.S., dental practices, and QSR in Canada. Newlook Capital Inc. took the initiative to establish Newlook Industrial Services II LP and manages the fund. This press release is for informational purposes only and should constitute nor be taken as a offer or solicitation to buy or sell securities.
www.newlookcapital.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this press release includes, but may not be limited to, acquisitions to be completed by the company, the growth of the business.
Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, general economic conditions, failing to realize the anticipated benefits from the acquisition of the company, risks associated with valuing investments, risks associated with fire prevention services generally, competition, technological changes and regulatory risks. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Newlook based on information currently available to the Newlook. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Newlook disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
Please direct any questions or requests for information to:
Fund Administration
industrialfund@newlookcapital.com
905.331.3697 x 207
