Canadian Private Equity Firm Acquires Kraus Global
Canadian private equity firm PRIVEQ Capital Funds has acquired Kraus Global in partnership with members of the company’s management team. The value of the management buyout was not released; however, PRIVEQ disclosed its $6.2 million investment in the deal. Based in Winnipeg, Canada, Kraus is a designer and manufacturer of CNG refueling dispensers and electronic control systems in North America. “Our commitment to provide our customers with premium CNG dispensing solutions remains paramount,” said Kraus CEO Ossama AbouZeid. “We are very excited to have PRIVEQ join us in the next phase of Kraus’ growth.” The Toronto-based PRIVEQ, which manages $85 million in portfolio assets, invests in lower mid-market businesses in Canada and the U.S. For more information, contact Ossama AbouZeid at 204.663.4728.