Patio Concepts Inc. was acquired by Private buyer
Patio Concepts Inc.
Beacon acted as an exclusive sell-side advisory in the transaction.
This was a succession-driven sale of a business who has been operating and steadily growing since its inception in 1997. The owner approached Beacon Brokerage in October of 2016 expressing their interest in finding an exit strategy. After an initial discussion on the business sale process and the necessary documentation for a successful business sale, the owner came back in January 2017, providing Beacon with all the required information on completing a thorough business valuation and all related marketing materials required for the confidential business sale process. Letter of Intent was accepted by the owner from an interested party in late March 2017 and with Due Diligence completed within the agreed upon 30-day period, the transaction completed in May 2017 after securing acquisition bank financing from Business Development Bank of Canada.