Industrials | Mergers & Acquisitions

AccessSMT Divests its Canadian Wholesale Hardware Distribution Business

  • TM Capital served as exclusive financial advisor to Vancouver, Canada-based AccessSMT, a portfolio company of Speyside Equity, in the sale of Hardware Agencies, Serrubec Inc. and McGregor Hardware Distribution to Champlain Financial Corporation and GL Capital Inc.
  • With locations across Canada, AccessSMT manufactures, installs and distributes hardware, doors, frames, construction specialty products and access control devices
  • Hardware Agencies, Serrubec Inc. and McGregor Hardware Distribution collectively operate across Canada as a premier distributor of security solutions and door hardware including mechanical security devices, access control, exit hardware, safes and other related products to locksmith, industrial, education, retail, institutional, commercial and other end markets
  • The buyer group was led by Champlain Financial Corporation and GL Capital. Champlain is a Canadian entrepreneurial private equity firm focused on investing in successful and established Canadian companies. GL Capital is the family office of the Laporte family, one of the principal shareholders of BRP Inc. (Bombardier Recreational Products)

 

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Client Testimonial

We engaged TM Capital based on the depth of their industrial distribution and door hardware knowledge, and reputation for quality execution in the middle market.  TM put together top-quality materials and ran a well-organized process that resulted in a great outcome for Speyside on a very complex carveout transaction.  We were very impressed with the senior level attention that TM provided and look forward to working with them again in the future.”
- Nick Lardo, Speyside Equity