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McMillan-McGee Corp acquired by GEF Capital Partners
Fostering future growth and a positive environmental impact
About the client
McMillan-McGee Corp (Mc²) is a global leader in providing electromagnetic systems and engineering services to thermal remediation and energy projects around the world. Specifically, they specialize in advanced solutions for cleaning contaminated soil and groundwater. The company has operated since 1991 with headquarters in Calgary, as well as locations in the U.S., Europe, China, and Brazil.
Mc² was seeking to spur future growth by securing a partner that aligned with the company’s goals of being a leader in pollution remediation solutions, while also allowing the owners to retain an equity stake in the company. Our M&A team was brought in at the start to guide them through the entire divestiture process. We went to market and negotiated with a few different parties, which ultimately resulted in partnering with GEF Capital Partners, a company that invests in high-growth, profitable businesses that address the challenges of climate change and pollution.
The deal successfully closed and the original owners of Mc² were able to roll equity, allowing them to continue to grow the company with a financial partner dedicated to their values of making a positive impact on the environment.
Fast facts
Client
McMillan-McGee Corp
Transaction type
Divestiture
Services provided
M&A
Sector
Environmental technology
Close date
February, 2025
The client experience
We’re very happy and grateful to the Doane Grant Thornton team whose hard work found us the right partner that aligns with our vision for growth. It wasn’t an easy scenario, but they were able to handle the complexities smoothly and deliver a successful outcome for us. They built a relationship with us based on trust and exceptional client service, giving us the confidence we needed to make strategic decisions at important stages of the process.
Brent Winder
McMillan-McGee Corp.
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