01:11 PM EDT, 06/05/2025 (MT Newswires) -- Lorne Park Capital Partners (LPC.V), up 36% on last look, on Thursday said it is being acquired by Sagard Private Equity Canada (SPEC) at $2.23 per share, valuing the company at $126.8 million.

SPEC intends to take the company private. Robert Sewell and the rest of Lorne Park's management team will continue to lead the company, which will be majority owned by management and advisors.

"This transaction, with its significant cash premium, represents an exceptional outcome for Lorne Park shareholders and provides certainty to shareholders while Lorne Park pursues its ongoing transformation," said board chair Christopher Dingle.

The transaction is expected to close in the third quarter of this year.

Lorne Park shares were last seen up $0.57 to $2.15 on the TSX Venture Exchange.

Price: 2.15, Change: +0.57, Percent Change: +36.08