Canada’s Wajax Corp has acquired all of the issued and outstanding shares of Montréal, Québec-based Groupe Delom Inc. Founded in 1963, Delom specializes in the maintenance and repair of critical electromechanical and rotating equipment for continuous process industries. Serving customers in diverse end markets, including hydroelectric, wind and nuclear power generation, mining, pulp and paper, petrochemical, aluminium smelting, and rail and marine transportation, Delom has six branches across Eastern Canada and employs more than 350 people.
“We are extremely pleased to welcome Delom and its team of dedicated professionals to our company,” said Mark Foote, President and Chief Executive Officer of Wajax. “The addition of Delom not only enhances our ERS service offering and value proposition to existing customers, it also satisfies each of the criteria we have outlined in our updated acquisition strategy, which includes enhanced EBITDA margins, advancement of our corporate strategy and scale to drive further growth.”
Mario Montpetit, the President of Groupe Delom, stated, “Joining Wajax provides our team with significant opportunities to grow our volume nationally, leveraging the Wajax branch network and extensive sales and marketing infrastructure. Combining Delom’s electromechanical motor expertise with Wajax’s hydraulics, process, bearings and power train capabilities offers customers a value proposition unique in the marketplace. As well, Wajax’s commitment to its employees and customers is entirely aligned with the Delom philosophy and we’re excited to be a part of the organization.”
Founded in 1858, Wajax is one of Canada’s longest-standing and most diversified industrial products and services providers. The corporation operates an integrated distribution system providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities and oil and gas.
