Canadian Medical Products Ltd. was acquired by Private Buyer
Canadian Medical Products Ltd.
Beacon acted as an exclusive sell-side advisory in the transaction.
In the summer of 2016, the company reached out to Beacon with the intent of finding a potential purchaser for its specialized manufacturing and distribution business. After confidentially marketing the opportunity and shortlisting the universe of potential buyers to over 30 purchasers, Beacon was able to secure 3 Letters of Intent for the business. The sellers ultimately decided to pursue the offer that provided least amount of disruption to the current business operations and assured ongoing continued steady growth of their family owned business. In the process, the sellers turned down a larger possible payout from a synergistic purchaser as their vision and that of the acquirer diverged on a number of areas.
Terms of the transaction are not disclosed for confidentiality reasons. Financing for the acquisition was provided by the Business Development Bank of Canada.