Beacon Corporation Advises Take Us for Granite on Sale to AKVA Venture Holdings Ltd.
Toronto, Ontario, April 2019 – Beacon Corporation (“Beacon”) is delighted to announce the completion of the sale of Take Us for Granite Ontario Ltd. (“Take Us for Granite”) to AKVA Venture Holdings Ltd., a private investment firm looking to expand its portfolio of businesses with good cash-flows and growth prospects across industries. Beacon acted as an exclusive sell-side advisor for Take Us for Granite and facilitated the process of valuation, confidential marketing, buyer screening, offer and deal term negotiations, and due diligence.
Beacon ran an extensive sales process, vetting potential acquirers with interest in the home renovation industry with high brand awareness, loyal customers and dominant market position in an optimal location. Beacon’s deal team supported the vendor through each step of the transactional process, including a negotiation period of around three months, eventuating in the deal completing in March 2019. The purchaser came in with an extensive background in the financial services industry and was attracted to Take Us for Granite due to the potential for growth and diversified client base. The vendor has maintained a key role at the company, in order to ensure a smooth transition.
About Take Us for Granite
Take Us for Granite, established in 1990, is a granite fabrication and installation business based in the Greater Hamilton Area. The business operates out of a 15,500 sq. ft. facility, and is known for offering high-quality services to its diversified range of clients. The core focus is in supplying granite counters, with the business also offering marble and quartz fabrication.
About Beacon Brokerage
Beacon Brokerage is a full-service business brokerage firm based in Toronto, facilitating the mergers and acquisition process. Beacon specializes in company transactions with Enterprise Value of up to $50M. Beacon offers business valuations, targeted confidential marketing, qualification, and pre-screening of prospects, assistance in negotiation and due diligence process in a holistic Transaction Advisory approach.