M&A Deal Summary

McCain Capital Partners Acquires Element Event Solutions

On March 7, 2019, family office McCain Capital Partners acquired business services company Element Event Solutions from Granite Partners.

Acquisition Highlights
  • This is McCain Capital Partners’ 1st transaction in the Business Services sector.
  • This is McCain Capital Partners’ 1st transaction in Canada.
  • This is McCain Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2019-03-07
Target Element Event Solutions
Sector Business Services
Buyer(s) McCain Capital Partners
Sellers(s) Granite Partners.
Deal Type Secondary Buyout

Target

Element Event Solutions

Toronto, Ontario, Canada
Element Event Solutions is a premier provider of event and tent solutions, delivering more than 35,000 memorable events. Element Event Solutions was founded in 1911 and is based in Toronto, Ontario.

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Buyer(S) 1

DESCRIPTION

McCain Capital Partners is a family backed investment firm focused on acquiring control positions in fundamentally sound businesses with a history of stable cash flows, and which have the potential to lead their markets. The Firm will consider lower middle-market opportunities throughout North America, however the Firm will not invest in pure commodity or real estate businesses, or in start-ups. McCain Capital Partners was formed in 2017 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ontario M&A 1 of 3
Country: Canada M&A 1 of 3
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Classic Fire Protection

North York, Ontario, Canada

Classic Fire Protection is a total fire protection company. The company distributes products from manufacturers and can service all fire protection needs with its large fleet of vehicles and field staff of fully-licensed sprinkler fitters, certified fire alarm technicians, and factory-trained kitchen suppression and fire extinguisher technicians. Classic Fire Protection was founded in 1988 and is based in North York, Ontario.

Buy -

Seller(S) 1

SELLER

Granite Partners.

Toronto, Ontario, Canada

Investor


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Granite Partners specializes in management buyouts, time-sensitive or 'shotgun' transactions, as well as situations where business owners are looking to sell a portion of their company. Granite generally targets profitable, well-managed, manufacturing and service companies with sales of $10 to $100 million. Granite Partners was formed in 1996 and is based in Toronto.


DEAL STATS #
Overall 4 of 6
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
State: Ontario M&A 4 of 6
Country: Canada M&A 4 of 6
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Ecom Foods Canada

Markham, Ontario, Canada

Ecom Foods Canada is a primary producer of extracts, flavors, natural antioxidants, and flavor enhancers and supplies its products to multinational food and beverage companies. Ecom supplies a blue-chip roster of customers including many large household names. Ecom Foods Canada was founded in 1986 and is based in Markham, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Mike & Mike’s Organics

Woodbridge, Ontario, Canada

Mike & Mike’s Organics is a distributor of fresh certified organic fruits and vegetables sourced from the United States and internationally as well as British Columbia, Ontario, and Quebec. In addition to fruits and vegetables, the Company also sells grocery and snack products. Mike & Mike’s Organics was founded in 2004 and is based in Woodbridge, Ontario.

Sell -