Parallel49 Equity invests in Tree Island Steel Ltd.

On November 1, 2002, Parallel49 Equity invested in Tree Island Steel Ltd., a metal products company in British Columbia, Canada, from Parallel49 Equity and McKenna Gale Capital.

Deal at a glance

AnnouncedNovember 1, 2002 TypePIPE TargetTree Island Steel Ltd. Buyer Parallel49 Equity Sellers Parallel49 Equity
McKenna Gale Capital SectorMetal Products LocationBritish Columbia, Canada ValueNot disclosed

Target company

Tree Island Steel Ltd.

British Columbia, Canada

Metal Productssector

1946founded

Activestatus

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Buyer

Parallel49 Equity

Private equity firm · 15 deals on record

2nd transaction in metal products
2nd transaction in Canada

15deals, all time

2in this sector

2016latest

Sellers (2)

Parallel49 Equity

Private equity firm · 15 deals on record

McKenna Gale Capital

Private equity firm · 22 deals on record

15investments

2in this sector

8exits

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Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Tree Island Steel Ltd.?Parallel49 Equity invested in Tree Island Steel Ltd. on November 1, 2002.

Who sold Tree Island Steel Ltd.?Parallel49 Equity and McKenna Gale Capital were the sellers.

What type of deal was it?It was a pipe in the metal products sector in 2002.

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