On August 14, 2019, the sale of a majority interest in Shred-Tech Corporation (“Shred-Tech”) to The Heico Companies, L.L.C. (“Heico”) was completed. Heico is a Chicago-based holding company with a diversified portfolio of more than 40 businesses involved in manufacturing, construction and industrial services. Shred-Tech’s incumbent President and CEO will continue to lead the company.
Based in Cambridge, Ontario, Shred-Tech is a globally recognized world leader in designing and manufacturing stationary and mobile shredding and recycling systems. It has operations in the U.S., the U.K. and Thailand, as well as distributors elsewhere.
Miller Thomson advised Shred-Tech on the transaction with a team which included Eric Schneider, Michael Caruso, Melissa Tummon, Matthew Innes, Jared Gillespie and Sarah Langille (Corporate/M&A), Andrew Roth (Real Property), David Schnurr (IP), Aaron Atcheson (Environmental), Eric Dufour (Competition) and Kim Ozubko (Pension).