Closed transaction
Deal details
Sequeira Partners was engaged by AWS’s founder and sole shareholder to realize on the value created over a lifetime of entrepreneurship and assist with identifying the right partner to guide the Company and its legacy into its next chapter.
The Sequeira team provided advisory assistance throughout the transaction including marketing the business to potential partners, negotiating preliminary and final deal terms, advising on transaction structure and consideration, as well as assisting with due diligence and other pre-closing matters.
The sale to Petwin will help facilitate the next phase of growth for AWS while allowing the Company to continue its long-standing history of operational excellence, as the largest water and wastewater solutions provider in Western Canada.
AWS was founded in Edmonton, AB in 1967, initially operating as a manufacturer of burial vaults. The Company quickly diversified into manufacturing septic tanks and water cisterns, and today it stands as the largest supplier of water and wastewater septic systems, cisterns, lift stations and holding tanks to both residential and commercial customers across Western Canada, while maintaining its roots in manufacturing burial and urn vaults.
Petwin Bancorp Inc. is a diversified investment company with operations in Calgary, Edmonton, Winnipeg, Vancouver, Phoenix, Las Vegas, and Hawaii. AWS is the third platform company added to Petwin’s private equity portfolio, joining AGM Glass Fabricators, acquired in 2023, and Pacific Radiator Mfg. Ltd., acquired in May of 2024.
Deal team
01Members / select to view profile
Julie Afanasiff
RolePartner
FirmSequeira Partners
Julie has over 18 years of experience in corporate finance, accounting, and transaction engagements.
View profile
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