Patio Concepts Inc. was acquired by Private buyer
Patio Concepts Inc.
Beacon acted as advisors to this company for the sale of the business
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.
About Beacon Brokerage
Beacon Brokerage is a Toronto-based full-service business brokerage and merger & acquisition advisory services firm which specializes in transactions of companies with Enterprise Value between $1M and $50M. Beacon’s services include business valuations, targeted confidential marketing, qualification and pre-screening of prospects, assistance in negotiation and due diligence process in a holistic Transaction Advisory approach.
Terms of the transaction are not disclosed for confidentiality reasons.