Beacon Completes Sale of a Flooring Business to Private Equity Buyer
TORONTO, ON, CANADA, April 9, 2021 – Beacon Mergers & Acquisitions is pleased to announce the successful sale of an established commercial and residential flooring retail and wholesale business in the Greater Toronto Area, Ontario. With over 25 years of history, the business supplies and installs flooring and carpeting solutions to its long-standing clientele, leveraging excellent supplier relations and a healthy balance sheet in its continued growth.
Sold to a private equity buyer with a wide range of related business interests, the sale price of the company was within a single percentage point of Beacon’s business value assessment. Beacon was engaged as the sell-side advisor in 2020, and through a turbulent economic environment, successfully found the right strategic purchaser for the business. The transaction was structured as a 100% share purchase allowing the owners to utilize their capital gains exemptions, maximizing after-tax profits from the sale.
The acquisition is Beacon’s third construction industry deal of 2021, an industry that has rebounded significantly after a challenging 2020. Building on the construction industry’s strong recovery, the buyer seeks to leverage the business’s excellent reputation and experienced team to take full advantage of the home renovation and commercial construction pent-up demand.
Beacon Mergers & Acquisitions is a full-service M&A advisory firm headquartered in Toronto, Ontario, and affiliate offices across Canada, the USA, and partnerships in South Asia and Europe. In its over 15 years of existence, Beacon has a strong track record of transacting various contracting, retail, wholesale, and other service businesses related to the construction industry. Beacon’s services include M&A advisory, debt financing advisory, and business valuations to private companies in the lower middle market.