Krystal Growth Partners (“Krystal”) is pleased to announce the sale of Smith Cameron Group (“Smith Cameron”) to a US-based strategic buyer on July 2, 2021. Tom Kramer, who acquired Smith Cameron along with Krystal in 2011, will continue as President under the company’s new ownership.
The sale of Smith Cameron to a strategic buyer is a very successful conclusion to Krystal’s 10-year partnership with Tom and the Smith Cameron management team. During that time, the company made six acquisitions and grew sales and EBITDA at a CAGR of over 13% and 24%, respectively.
“Although we are excited about joining an industry leader and see continued growth in our future, the past 10 years have been incredibly exciting ones,” said Tom Kramer. “Krystal has been a great partner and instrumental on many levels in getting us to where we are today. We are very grateful for the support they have given us.”
Fort Capital Partners served as financial advisor and Fasken Martineau DuMoulin LLP served as legal advisor to the sellers.