Origin Merchant Partners (“Origin”) is pleased to announce that it acted as Financial Advisor to Armstrong Monitoring (« Armstrong ») on its sale to Greystone Energy Systems (« Greystone »).
Armstrong Monitoring will operate within the Bemsiq Group as a wholly owned subsidiary of Greystone Energy Systems. The transaction will accelerate Armstrong’s growth and development, and secure Armstrong’s status as the innovation leader in the growing gas detection space. The team at Origin advised Co-CEOs and owners Joanne Johnson and Rod Sprules. The transaction highlights Origin’s independence and expertise in the HVACR industry. Origin’s long-standing relationship with the owners created the trust needed to assist with this important mandate for the company.
Armstrong Monitoring, founded in 1981 and based in Ottawa, Canada, designs, develops, manufactures, and services proprietary monitors, systems, transmitters, sensors, and accessories for commercial, industrial, and military gas detection applications.
Greystone Energy Systems has over 30 years of experience designing, manufacturing, and supplying HVAC sensors and transmitters for building automation management systems. Headquartered in Moncton, New Brunswick, their global family consists of 9 locations globally, including regional sales offices in Dubai, India, Singapore, and Malaysia.
Joanne Johnson and Rod Sprules, P.Eng. commented “the team at Origin has the experience to work on a variety of transactions, while also being cognizant of our needs. Their support in managing a confidential marketing process and closing our transaction was invaluable. On a personal note, we are incredibly grateful for the genuine care and constant support and availability Scott and Will provided throughout.”
