McLeod Law



All fields are required.

The convenience of two offices (downtown and south Calgary) makes it easier to meet with your lawyers.

Calgary South

300, 14505 Bannister Road SE
Calgary, AB T2X 3J3

Get Directions

Calgary Downtown

Manulife Place
500, 707 - 5 Street SW
Calgary, AB T2P 1V8

Get Directions
Notable Work

CEMATRIX Corporation Acquires Pacific International Grout Co.

Infrastructure business increases supply and capacity

Maria Nathanail assisted in the acquisition by CEMATRIX of Pacific International Grout Co. (PIGCO) involving a $2,800,000 (USD) financing by the Business Development Bank of Canada.

As a leading supplier of heavy cellular concrete tunnel grout in North America, the acquisition of PIGCO gives CEMATRIX access to new technology and access to a part of the cellular concrete market they didn’t serve before.

The acquisition also increases the seasonally adjusted capacity of their equipment to more than six times the 2019 forecasted sales of CEMATRIX, helping to reduce the seasonality of the growing infrastructure business.

CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products that are developed from proprietary formulations.

PIGCO’s unique cement-based material has superior thermal protection, delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

The acquisition involved a share purchase agreement between Cematrix (USA) Inc. and Pat Stephens, the sole shareholder of the outstanding shares of PIGCO.

The purchase price for all outstanding PIGCO Shares was paid to the sole shareholder as follows:

  • cash in the amount of $2.8 million (USD);
  • Vendor Financing in the amount of $0.575 million (USD), to be repaid over six months commencing January 1, 2020; and
  • 3,305,250 common shares of CEMATRIX issued at $0.20 per CEMATRIX Share for a deemed value of $0.5 million (USD).

Back to Notable Work

Sign up to receive news and updates.