Representative Matters

Linamar Corporation Completes Acquisition of Bourgault Industries Ltd., Bolstering Its Leading Agriculture Business

On February 1, 2024, Linamar Corporation (TSX: LNR) (“Linamar”) completed its acquisition of Bourgault Industries Ltd. and its subsidiaries (collectively, “Bourgault”), further enhancing its position as a leading short-line agriculture equipment manufacturer. The transaction, representing the purchase of 100% of the equity interest of Bourgault, is for $640 million, subject to ordinary transaction adjustments. 

Bourgault, a leading agricultural equipment manufacturer, will now become part of a new Linamar Agriculture division, joining MacDon (a harvesting equipment leader) and Salford (a tillage and crop nutrition equipment leader) within Linamar’s broader Industrial Segment. Bourgault is highly complimentary to these existing divisions and enables Linamar to increase its market position as it now possesses a full lineup of products in the broader crop production cycle, from field preparation to seeding, crop nutrition, harvest and post harvest.

In conjunction with the Bourgault transaction closing, Linamar has also finalized a new $700-million term loan agreement. The term loan has similar terms and conditions as Linamar’s existing credit facility and matures in three years’ time.

Aird & Berlis LLP represented Linamar with a team led by Gary Volman, Ryan Cohen, Francesco Gucciardo and Jill Fraser, and including Nadia Narain, Karlie Nordstrom, Christian Nianiaris, Manjit Singh, Carol Burns, Angelo Gentile, Saam Nainifard, Edward Miller, Michelle Chen, Angela Oh, Shiva Shirazi-Kia, Stephen Zolf, Portia Biswas, Mark van Zandvoort, Matthew Patterson, Ken Clark, Faruk Gafic, Michael Horvat, Paige Backman, Melanie Cole, Neill Kalvin, Daniella Guzzi, Jasraj Shergill, Joshua Ward, Aliza Kwinter, Hannah Downard, Bardia Jalayer, Nancy Chen, Kelley Young, Julia Spina, Ivone Viera and Danielle Murphy.