Dynamysk Automation to be Acquired by Allnorth Consultants Ltd.
February 1, 2024
Dynamysk Automation Ltd. is delighted to announce that Allnorth Consultants Limited has entered into an agreement for the acquisition of Dynamysk, which is expected to close on February 4, 2024.
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 valued clients.
Dynamysk has worked with the Allnorth team to confirm strong alignment in core values. Both Allnorth and Dynamysk prioritize a focus on the well-being of their teams, strong client relationships, and profitability. 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 combined 1,000-person team can leverage shared tools, processes, and resources to deliver superior results for clients. 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).
John Lisoway, President of Dynamysk stated, “Dynamysk continues to look for opportunities to grow value as it relates to our customers, our shareholders and most importantly our people. 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.”
“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 services. 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.
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 in line with a core belief at Allnorth in working as one team.
