NorthSpring Capital Leads Financing to Facilitate ComTech Energy’s Acquisition of Kraus Global

Cambridge (Ontario, Canada) –  August 23, 2019

NorthSpring Capital Partners has provided subordinated debt financing to assist portfolio company ComTech Energy (“ComTech”) of Milton, ON to acquire a controlling interest in Kraus Global (“Kraus”). Located in Winnipeg Manitoba, Kraus is a world leader and innovator in the alternative fuelling industry.  Kraus delivers reliable, tailored dispensing solutions and exceptional customer service. Kraus has 4,180 square meters (45,000 square feet) of dedicated production space and test facilities capable of full load testing of all dispensing equipment on natural gas at operating conditions. It is an ISO 9001:2015 registered facility.

“This acquisition positions ComTech strategically in the growing alternative fuels industry worldwide” said James Ro, President of ComTech Energy. “Kraus has engineered and developed innovations in CNG,  Hydrogen and Electric dispensing systems, electronic registers (Micon) and automatic temperature compensation systems that have helped shape the alternative fuels industry over the last 30 years. Together, we will collectively aim to accelerate the transition towards a lower carbon economy”. This transaction will create a turn-key alternative fuel infrastructure integrator focused on customer needs. “We plan to use this business combination to immediately leverage the identified synergies, grow both companies quickly and provide a high level of customer service”.

NorthSpring Capital Partners’s financing is non-dilutive and is subordinated to the bank loan secured for this transaction.  It includes very flexible repayment terms tied to the performance of the business.  “We are excited to participate in ComTech’s rapid growth as they continue to lead the development of the CNG industry in Canada” said Brian Hunter, President of NorthSpring Capital Partners.

About ComTech Energy

Headquartered in Toronto (ON), ComTech designs/build/maintains CNG fuelling infrastructure across Canada and has an in-house team of engineers, project managers, gas fitters, electricians and certified service technicians whose primary focus is customer satisfaction. ComTech has a 25,000 square foot “innovation centre” dedicated to launching new product solutions that are not available in the marketplace, under the “Swift Fuel Solutions” brand. For more information, please go to


About NorthSpring Capital Partners

Established in 2009, NorthSpring Capital Partners  is a private equity firm based in Cambridge, Ontario.  We invest in passionate entrepreneurs and companies developing unique intellectual property, products and services targeting large addressable markets.  Our financial resources and expertise accelerates the growth of innovative companies located in the Toronto to Waterloo technology corridor.  Our affiliate, NorthBridge Consulting Services, assists clients with access to a variety of government funding programs including SR&ED. 

For further information, please visit: or contact Brian Hunter at or 519-721-7144.