M&A Deal Summary

Speyside Equity Acquires Shanahan’s

On March 21, 2017, private equity firm Speyside Equity acquired building materials company Shanahan’s from Yellow Point Equity Partners and Banyan Capital Partners

Acquisition Highlights
  • This is Speyside Equity’s 1st transaction in the Building Materials sector.
  • This is Speyside Equity’s 1st transaction in Canada.
  • This is Speyside Equity’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-03-21
Target Shanahan’s
Sector Building Materials
Buyer(s) Speyside Equity
Sellers(s) Yellow Point Equity Partners
Banyan Capital Partners
Deal Type Secondary Buyout

Target

Shanahan’s

Surrey, British Columbia, Canada
Shanahan’s is a distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. The Company is also the exclusive Canadian distributor of ABUS security products and other third-party hardware, industrial/wood doors, and washroom accessories through its Hardware Agencies and Serrubec brands.

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Buyer(S) 1

Buyer

Speyside Equity

Ann Arbor, Michigan, United States

Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Speyside Equity is a private equity firm focused on investments in traditional businesses with a history of profitability. Speyside generally looks for non-core divestitures from multinational businesses and will consider opportunities in the specialty chemicals, food/ingredients, and metal forming sectors. The Firm's geographic coverage includes North America and Western Europe. Speyside Equity was established in 2005 and is headquartered in Ann Arbor, Michigan.


DEAL STATS #
Overall 13 of 18
Sector (Building Materials) 1 of 2
Type (Secondary Buyout) 2 of 2
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2017) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 Midland Stamping & Fabricating

Schiller Park, Illinois, United States

Midland Stamping & Fabricating is a full-service provider of contract metal stampings and fabrications to major tier one manufacturers in automotive, appliance, industrial, trailer, and cookware industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Ashland Foundry & Machine Works

Ashland, Pennsylvania, United States

Ashland Foundry & Machine Works is a manufacturer of complex, highly engineered Steel, Chrome Iron and High Alloy castings ranging in size from 50 pounds to 7,500 pounds primarily for OEM Pump manufacturers.

Buy -

Seller(S) 2

SELLER

Yellow Point Equity Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor


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

Yellow Point Equity Partners is a private equity group focused on management buyouts and growth investments in mid-sized companies located in Western Canada and the Northwest of the US. Yellow Point will consider opportunities in a wide range of sectors, including basic manufacturing, technology, communications, energy, financial, healthcare, and services. The Firm 'gravitates' towards businesses with established market positions and 'compelling' products. Yellow Point Equity Partners was formed in 2004 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 9 of 12
Sector (Building Materials) 2 of 2
Type (Secondary Buyout) 1 of 1
State (British Columbia) 5 of 8
Country (Canada) 9 of 12
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-25 Canadian Appliance Source

Toronto, Ontario, Canada

Canadian Appliance Source is an omnichannel retailer of kitchen and laundry appliances. CAS focuses on providing consumers with expert advice and competitive prices for all their major home appliance needs. Canadian Appliance Source was founded in 2008 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 State Group

Franklin, Tennessee, United States

State Group is a multi-trade industrial and specialty services contractor that provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. The State Group performs over two million man-hours annually of retrofit, maintenance, construction and emergency services and maintains a tooling and equipment inventory to support its skilled workforce. State Group was founded in 1961 and is based in Toronto, Ontario.

Buy -
DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.


DEAL STATS #
Overall 12 of 14
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 4 of 4
State (British Columbia) 4 of 4
Country (Canada) 7 of 9
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Newcrete

St. John's, Newfoundland, Canada

Newcrete is a producer and supplier of ready-mix and precast concrete and masonry products for the Newfoundland and Labrador construction industry. Newcrete is based in St. John's, Newfoundland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Rack Attack

Vancouver, British Columbia, Canada

Rack Attack is a retailer of automotive and home storage rack solutions. Rack Attack was founded in 1996 and is based in Vancouver, British Columbia.

Buy -