By Anthony Capkun
March 14, 2021 – Magna IV Engineering, a power and automation solutions provider with subsidiaries in Canada, the United States and Chile, reports it has received a majority investment from Copley Equity Partners, a private investment firm focused on middle-market companies “with strong growth opportunities”.
Terms of the transaction were not disclosed.
“This is the next step in Magna’s evolution, and provides the potential to grow both organically and through strategic acquisitions,” said Kelly Butz, Magna IV CEO. “Copley’s philosophy of investing back into the business means great things for our future.”
“Kelly and his experienced management team have built an exceptionally strong company, as is evidenced by Magna’s employee culture and long-term customer relationships,” said Copley’s Andy Miller. “We look forward to helping them accelerate growth and accomplish their strategic goals.”
Founded in Edmonton in 1982, Magna IV designs, commissions, maintains and repairs power and control systems “anywhere electricity is deployed”.