VANCOUVER, British Columbia, May 25, 2017 /PRNewswire/ -- Speyside Equity Fund I LP announces the acquisition of McGregor & Thompson Hardware Ltd. ("M&T Hardware") which is headquartered in Vancouver, British Columbia. The transaction was completed on 5/12/2017.
M&T Hardware was founded in 1964 and has evolved into a leading manufacturer and value-added distributor of doors, frames, finishing hardware, construction specialty products and access control devices in Western Canada and the US Pacific Northwest. The company primarily serves the mixed-use multi-family residential market along with the industrial, commercial, and institutional ("ICI") market segment.
Jeffrey Stone, Managing Director for Speyside, commented: "This investment represents an exciting opportunity in the Division 8 and 10 building products industry to continue the growth and development of the company. Speyside supports management's strategy, expanding the company's value proposition to its customers."
About Speyside Equity
Formed in 2005, Speyside Equity employs an operationally intensive approach to investing in industrial, specialty chemicals, and food ingredients businesses. Speyside targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.
Since its formation, Speyside has successfully executed numerous platform investments and add-on acquisitions using its own capital. The team made its first investment in Sweet Ovations, a food ingredient company, in 2005 and had its first exit in 2010 when it sold Stahl Specialty Company. This principal-driven investment philosophy and approach has continued in its $130 million institutional fund closed in January 2016, Speyside Equity Fund I LP. To date, Speyside has executed 10 platform investments since closing the fund.
Jeffrey A. Stone
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SOURCE Speyside Equity