Mosaic Capital acquires Manitoba-based Ambassador Mechanical for $14.6 million

Western Canada based Mosaic Capital has acquired Ambassador Mechanical Ltd., a private mechanical contractor based in Winnipeg, Manitoba.

Western Canada based Mosaic Capital has acquired Ambassador Mechanical Ltd., a private mechanical contractor based in Winnipeg, Manitoba.

Mosaic will own 75 per cent of the business, and spent $14,625,000 through a combination of cash and vendor take back financing.

Ambassador provides mechanical equipment provisioning and installation services in areas ranging from plumbing and gas fitting to heating, ventilation and air conditioning, and employs over 130 tradespeople.

JOC DIGITAL MEDIA