PRIVEQ Capital Funds, a Toronto-based private equity firm, has acquired Kraus Global Ltd. Terms of the deal were not disclosed.
Based in Winnipeg, Canada, Kraus is a designer and manufacturer of refueling dispensers and electronic control systems for compressed natural gas (CNG) and other alternative fuels in North America.
‘We are delighted to be partnering with Kraus' management team in this rapidly growing industry,” says Brad Ashley, managing partner of PRIVEQ.
“Our commitment to provide our customers with premium CNG dispensing solutions remains paramount,” adds Ossama AbouZeid, CEO of Kraus. “We are very excited to have PRIVEQ join us in the next phase of Kraus' growth.”
