Fraser Valley Building Supplies (FVBS) has acquired the assets of Wilway Lumber in Abbotsford, BC, effective April 1st, 2016. FVBS will continue to operate Wilway’s business in its current location, and will be transitioning the business to become part of the Rona dealer network along with FVBS’ Mission location. As part of this acquisition, FVBS… READ MORE
Krystal Financial is pleased to announce its recent purchase of a 50% interest in Brooks Corning Company Ltd. Krystal makes this acquisition alongside Brooks Corning president Bob Ross, who controls the remaining 50% interest. For over a century, governments, corporations and architectural-design firms have turned to Brooks Corning to provide workspace and office furniture solutions… READ MORE
Fraser Valley Building Supplies (FVBS) has completed an asset purchase of the Rona store in Mission, and as of June 27th, the Corporate Rona store will close its doors permanently. FVBS retail operations will be rebranding from Ace Hardware to a 100% locally owned and operated Rona affiliate store. This exciting new venture will bring… READ MORE
We’re pleased to announce that Jeff Mayhew has joined Krystal Financial as an Analyst. Jeff brings with him valuable commercial banking experience with Canadian Western Bank and has passed all three levels of the CFA program. We’re excited about Jeff joining us and look forward to working with him to grow our business.
Krystal led the sale of 100% of the shares of Key Food Equipment Services Ltd. to Heritage Food Service Group Inc. Krystal, together with Paul Clinton and a third investment partner, purchased Key food in October 2009 from founder/owner Jean Choquette. The new shareholders quickly began building on the strong foundation laid by Jean. General… READ MORE
Krystal has completed the purchase of 45% of Fraser Valley Building Supplies Inc. and a growth capital investment for a 25% ownership position in North West Rubber Products Ltd. In December, Krystal Financial and Paul Clinton purchased a 45% ownership stake in Fraser Valley Building Supplies Inc. (“FVBS”). Co-founder Dave Nick remains a shareholder and… READ MORE
Krystal is pleased to announce the purchase of Magnum Trailer & Equipment Inc. (“Magnum”) from founders/owners Bob and Ted Willock. Founded in 1984 and based in Abbotsford, BC, Magnum has three distinct business segments: 1) manufacturing heavy-duty aftermarket truck accessories, 2) manufacturing/distributing on- and off-highway truck trailers and 3) servicing & maintaining the fleets of… READ MORE
Integrated Paving Concepts sells its thermoplastic business to Flint Trading Inc. and the StreetBond business to Quest Construction Products. Integrated Paving Concepts sold its thermoplastic business to Flint Trading Inc. in May 2011 and the StreetBond business to Quest Construction Products in June 2011. IPC is excited about both transactions, which will allow these businesses to… READ MORE
Deloitte Vancouver organized a panel discussion for business owners that wanted to hear the perspectives of private equity professionals from the Vancouver area. Check out this link to Deloitte’s Lessons in Private Equity document, which summarizes its findings obtained through interviews with these private equity professionals.
Business owner/operators across the Lower Mainland find themselves ready for retirement after having founded and developed successful businesses and are considering a number of options for exiting. ‘Times are a changing.’ It’s no secret that we’re now seeing a demographic shift across North America, with the baby boom generation retiring and giving way to the… READ MORE