Allnorth announces acquisition of Dynamysk Automation
Alberta-based Dynamysk specializes in instrumentation, automation and electrical solutions.
- The acquisition is expected to close on February 4.
- The two companies will have a combined 1,000-person team that can leverage shared tools, processes, and resources.
- Post acquisition, Dynamysk will continue to operate independently out of its Calgary and Sherwood Park offices, with a transition to Allnorth planned for later in the year.
The Whole Story:
Allnorth stated that since its inception in 2006, Dynamysk has excelled by the integration of engineering, inspections, commissioning and installation, to offer full-service solutions over the entire project lifecycle to their clients.
The company noted that it has worked with the Dynamysk team to confirm strong alignment in core values. Both Allnorth and Dynamysk said they prioritize a focus on the well-being of their teams, strong client relationships, and profitability. They added this strong alignment in core values will promote a cultural fit between the two companies, which can facilitate a smooth integration process.Leadership teams from both companies have identified synergies that can accelerate growth initiatives, enhance service offerings, and improve profitability.
The two companies will have a combined 1,000-person team that can leverage shared tools, processes, and resources. The companies noted that the acquisition also lays the foundation for further organic expansion, supported by Dynamysk’s innovative quality and completions software solutions, like RFO Central (Ready for Operations).
“The acquisition of Dynamysk Automation is a significant milestone in our journey to provide opportunities for our team to provide comprehensive solutions to our valued clients. We look forward to the exciting opportunities that lie ahead as we embark on this journey together,” said Darby Kreitz, CEO of Allnorth.
The integration of Dynamysk’s instrumentation, controls (automation), and electrical team significantly enhances Allnorth’s service offerings. Dynamysk’s clients will benefit from Allnorth’s expertise in civil, structural and mechanical engineering as well as geomatic, materials testing, environmental, and project delivery services. This unique service bundling can be extended to various sectors, including energy and renewables, metals and minerals, fiber and chemicals, and infrastructure.
“Dynamysk continues to look for opportunities to grow value as it relates to our customers, our shareholders and most importantly our people,” said John Lisoway, president of Dynamysk. “When the Allnorth opportunity presented itself, we examined our synergies and realized that together, it checked off all the boxes. Dynamysk wanted a partner who would complement what each had to offer, creating greater opportunity and value for our customers’ business (the one-stop-shop approach), a partner that created opportunities for its people to grow, prosper and feel valued (built by people), a partner that shared common core social and fiscal values, and finally a partner who was in, and who understood, the services business. The integration of Dynamysk with Allnorth is something I am very excited about and look forward to what the future brings.”
Post acquisition, Dynamysk will continue to operate independently out of its Calgary and Sherwood Park offices, with a transition to Allnorth planned for later in the year.
Allnorth is a privately held, multi-disciplinary engineering, project delivery and construction services company established in 1995. They service clients primarily in the metals and minerals, energy and renewables, fiber and chemicals and infrastructure sectors. They have offices across Canada, in the U.S. and Mexico.
Dynamysk is a privately owned Canadian company specializing in delivering fully integrated lifecycle solutions in the industrial Instrumentation, Controls (automation), Electrical (ICE) disciplines. This includes all phases of a project from engineering through fabrication, installation, inspections, commissioning and maintenance. Founded in 2006 and with office locations in Calgary, Alta. and Sherwood Park, Alta, Dynamysk has completed projects for clients in Canada, the U.S. and overseas.