Market trends

Many industrial sub-sectors have recovered strongly. Companies destocked and cut costs during the downturn and are now in possession of strong balance sheets and low levels of debt. Profitability is expected to reach higher levels in 2011, with emerging markets a major driver of growth.

Deal flow has started to pick up in building products and capital goods, popular sectors for buyouts in 2010. However, factors that include lingering uncertainties about the economy, comparatively high valuations, the presence of corporate buyers and a scarcity of primary deal situations may present some challenges for investment in the near term.

Nevertheless, our global platform and significant deal experience in sub‑sectors, including airports, building products, chemicals, metals, mining and oilfield services, make us a good match for many industrial businesses looking for a partner to accelerate their growth.

BOS Solutions

Our sector team has spent considerable time in Calgary and Houston building relationships in the oilfield services industry. We were introduced to BOS Solutions (BOS) by one of our industry advisors. We immediately recognized a compelling growth story.

BOS has developed a unique proprietary and patented solution for the clean and efficient recycling of environmentally hazardous oil drilling muds that reduces the financial cost and environmental impact of drilling. Having been given gold standard status, it needs to expand to capitalize on demand and market growth driven by new energy discoveries, environmental concerns and regulation.

Working with experienced operating partners who have been involved from the outset, and in partnership with an eager management team, we are putting in place an aggressive capital build program to provide the extra capacity BOS needs to grow.

www.bos-solutions.com