M&A Deal Summary

Champlain Financial Acquires Serrubec

On February 14, 2020, private equity firm Champlain Financial acquired building materials company Serrubec from AccessSMT Holdings

Acquisition Highlights
  • This is Champlain Financial’s 2nd transaction in the Building Materials sector.
  • This is Champlain Financial’s 12th transaction in Canada.
  • This is Champlain Financial’s 11th transaction in Quebec.

M&A Deal Summary
Date 2020-02-14
Target Serrubec
Sector Building Materials
Buyer(s) Champlain Financial
Sellers(s) AccessSMT Holdings
Deal Type Divestiture

Target

Serrubec

Saint-Laurent, Quebec, Canada
Serrubec is a distributor of hardware, locksmith and security products. Serrubec is based in Saint-Laurent, Quebec.

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Buyer(S) 1

Buyer

Champlain Financial

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Champlain Financial Corporation is a private equity firm focused on acquiring lower middle-market, profitable ($3 to $20 million of EBITDA) companies throughout Canada. Champlain typically targets businesses with a history of sales growth and clearly differentiated products/services. Broad areas of interest include consumer, retail, distribution, healthcare, and niche manufacturing. Champlain Financial Corporation was established in 2004 and is headquartered in Montreal.

DEAL STATS #
Overall 13 of 20
Sector (Building Materials) 2 of 2
Type (Divestiture) 1 of 1
State (Quebec) 11 of 17
Country (Canada) 12 of 19
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 La Canadienne

Montreal, Quebec, Canada

La Canadienne is a manufacturer, distribution and retailing of women’s winter footwear. La Canadienne was founded in 1987 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 Dumas

Quebec, Quebec, Canada

Dumas is involved in the production, distribution, and marketing of puff pastries, croissants, and vol-au-vents. The Company sells its products under the “Dumas” brand and through private label brands of large Canadian grocery chains and secondary food processors. With more than 60 people employed in its state-of-the-art facility, Dumas has forged partnerships with leading retailers across Canada and abroad, ensuring the company is well-positioned for continued growth and prosperity. Dumas was founded in 1992 and is based in Quebec.

Buy -

Seller(S) 1

SELLER

AccessSMT Holdings

Vancouver, British Columbia, Canada
Category Company
Sector Building Materials
DESCRIPTION

AccessSMT Holdings Ltd. is a company involved in the commercial, residential door, hardware business, and access control security business. It involves two companies: Shanahan’s Limited Partnership and McGregor & Thompson Hardware Ltd. With a shared 140 years of experience in the construction supply industry, our unified organization has seen it all.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 CP Distributors

Saskatoon, Saskatchewan, Canada

CP Distributors provides tools for clients to get their jobs done, as well as by creating a culture of teamwork, responsibility, pride, enthusiasm, and effective communication. The company provides expertise to customers in the commercial, institutional (ie: schools, hospitals, and correctional facilities), hospitality, multi-family, and industrial sectors. Its products include doors, hardware, and specialty products like movable walls, access control, and detention equipment. CP Distributors was formed in 1962 and is based in Saskatoon, Saskatchewan.

Buy -
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