Toronto, Canada, November 22, 2023 – Beacon Advisors is pleased to announce the completion of the sale of commercial entrances and curtainwall fabrication business to a Toronto-based private investment firm.
Commencing the mandate in early 2023, the Beacon Transaction Team identified and engaged in conversations with a number of interested parties, negotiating an exclusive offer in April 2023. Following an initial due diligence, it was quickly apparent that the potential purchaser was not the right fit for the business. With the process restarting in early summer 2023, Beacon quickly identified another prospective buyer and entered into an exclusive agreement at the end of August 2023.
Following a Due Diligence period of sixty days, the parties reached a definitive share purchase agreement in the middle of November 2023.
Acquisition financing for the transaction was provided by TD Bank and legal counsel by Stikeman Elliott LLP and FIJ Law.
About the Business:
The company is a fabricator of aluminum windows and doors for various commercial applications. The business’ reputation is developed from providing exceptional customer service and delivering high-quality products on time to its loyal client base. Virtually 100% of its work is referral-based and repeat customers. Its diversified client base includes windows, glass, and commercial entrance distributors, installers, and contractors.
About the Buyer:
The Purchaser is a Toronto-based private investment firm led by a couple of young entrepreneurs with a successful track record across a variety of industries and a belief in hands-on operational involvement. The firm’s inaugural acquisition was a specialty metal service center with in-house custom cutting capabilities.
About Beacon:
Beacon Mergers & Acquisitions is a full-service M&A advisory firm focusing on sell-side, transaction advisory, and business valuations to the lower middle market in Canada and the USA. Beacon’s team of experienced M&A professionals, CBVs, and intermediaries is focused on delivering maximum value for business owners through a technology-enabled approach and streamlined processes. Beacon is a member of a number of professional organizations, including Pandion Partners, a global network of M&A advisors with offices in over 30 countries.