Quickmill, Inc. Acquired By Batliboi Ltd, In Negotiations Initiated By RSM EquiCo Capital Markets
Batliboi Ltd., based in Mumbai, India, has acquired Quickmill, Inc., based in Ontario, Canada, for approximately $7 million (Canadian).
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to Quickmill, Inc.
“The acquisition of Quickmill supports our goal of becoming an internationally competitive niche player in our various businesses. Our strategy is to support Quickmill’s current management in growing and developing Quickmill as a separate and distinct entity, leveraging the company’s technology, brand identity, reputation and expertise,” said Nirmal Bhogilal, chairman and managing director of Batliboi Ltd. “We plan to reap synergies through cross fertilization of skills, Batliboi’s distribution network, and some cost advantages in India through component sourcing and detailed engineering. Quickmill will support Batliboi’s manufacturing base through its considerable R&D capabilities.”
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