Alfar Capital

Case study · Inter-Power

One company.
Five acquisitions.
Two exits.

The company

Inter-Power A K Corporation

Sector

Industrial compressors & services

Headquarters

Quebec, Canada

Strategy

Buy-and-build roll-up

How Alfar took a 30-year-old Quebec compressor distributor from lifestyle business to consolidation platform, and returned capital to its partners twice.

Scroll to follow the platform build

  1. 01 / 06 · The situation

    Excellent fundamentals.
    Untapped potential.

    Inter-Power had spent three decades distributing, installing and servicing premium air compressors and vacuum systems across Quebec. A profitable company in a deeply fragmented industry, operated as a lifestyle business: owners wearing every hat at once, and scale capped by geography.

  2. 02 / 06 · The partnership

    Alfar invests alongside the founders.

    A 30-year Quebec institution in compressor distribution and service, with owners who stayed on as true partners.

  3. 03 / 06 · The work

    The playbook, applied.

    We didn’t change what Inter-Power did. We changed how seriously it was run: freeing the owners to focus on clients while we built the machine around them.

    1. 01Refocus on clientsOwners freed from operations to spend time with their best customers.
    2. 02Redeploy the teamHuman capital optimized around top clients and high-value service work.
    3. 03Fix the economicsPricing strategy rebuilt, billable hours grown.
    4. 04Professionalize financeUpgraded accounting and monthly KPIs.
    5. 05Invest in peopleStronger HR, measurably higher engagement.
    6. 06Modernize the stackIT infrastructure rebuilt for a much larger business.

  4. 04 / 06 · The roll-up

    Five companies acquired and integrated.

    A highly accretive buy-and-build strategy, with each acquired owner retained as a partner in the platform. Inter-Power became the reference platform for industrial compressor distribution in Northeastern North America.

  5. 05 / 06 · Exit I

    Sold to Flow Control Group.

    A holding company of AEA Investors. The platform we built together, validated by one of North America’s leading flow-control consolidators.

  6. 06 / 06 · Exit II

    Re-invested, then exited to Bertram Capital.

    Alfar re-invested in the combined business and realized a second successful exit, returning capital to its partners twice.

The roll-up · Five acquisitions

Five companies, one platform.

30yrs

In business at entry

5

Acquisitions integrated

2

Successive exits

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