M&A Deal Summary

BBX Capital and BFC Financial Acquire Renin

On October 25, 2013, BBX Capital and BFC Financial acquired building materials company Renin

Acquisition Highlights
  • This is BBX Capital’s 1st and BFC Financial’s 1st transaction in the Building Materials sector.
  • This is BBX Capital’s 1st and BFC Financial’s 1st transaction in Canada.
  • This is BBX Capital’s 1st and BFC Financial’s 1st transaction in Ontario.

M&A Deal Summary
Date 2013-10-25
Target Renin
Sector Building Materials
Buyer(s) BBX Capital
BFC Financial
Deal Type Add-on Acquisition

Target

Renin

Brampton, Ontario, Canada
website
Renin Corp. is a manufacturer of interior and closet doors, wall décor, associated systems & hardware and fabricated glass products through a portfolio of brand name and private label offerings including Erias, DSH, Acme, KingStar, TRUporte, Ramtrack and JJ Home Products. With facilities in Canada, the U.S. and the U.K., Renin services its broad distribution channels including big box building and home improvement supply retailers, home centers, distributors, other building supply manufacturers, volume builders and specialty retailers throughout North America and other markets, including the UK. Renin invented the mirror closet door 50 years ago and has been supplying innovative and quality products around the world ever since.

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Buyer(S) 2

Buyer

BBX Capital

Fort Lauderdale, Florida, United States

website

Category Company
Sector Financial Services
DESCRIPTION

BBX Capital Corp. is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. BBX Capital had total consolidated assets of $392.1 million, shareholders' equity attributable to BBX Capital of $336.0 million, and total consolidated equity of $337.3 million.

DEAL STATS #
Overall 1 of 2
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 BFC Financial

Fort Lauderdale, Florida, United States

BFC Financial Corp. is a diversified holding company provides financial services. BFC Financial was founded in 1980 and is based in Fort Lauderdale, Florida.

Buy -
Buyer

BFC Financial

Fort Lauderdale, Florida, United States

website

Category Company
Founded 1980
Sector Financial Services
Employees6,108
Revenue 743M USD (2015)
DESCRIPTION

BFC Financial Corp. is a diversified holding company provides financial services. BFC Financial was founded in 1980 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 Woodbridge Holdings

Fort Lauderdale, Florida, United States

Woodbridge Holdings Corporation directly and through its wholly owned subsidiaries, seeks to invest opportunistically within and outside of the real estate industry.

Buy -
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