Category: News

SAXX Underwear Co. Ltd. (“SAXX”), the innovative Canadian men’s underwear brand, announced that it has received a strategic investment from TZP Group (“TZP”), a multi-strategy private equity firm, through TZP Capital Partners III, L.P. NLS Group Holdings Inc. (“NLS”), led by Krystal Growth Partners which invested in SAXX in April 2010, will retain a significant… READ MORE

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… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce it has promoted Avery Holland and Brian Lau to the position of Vice President, effective June 30, 2021. “This last year has been an extremely successful one for Krystal and we have much on our plate for the year ahead,” said Terry Holland, Managing Partner of Krystal…. READ MORE

Krystal Growth Partners is pleased to announce the acquisition of Terrace Builders Centre and Terrace Carpet Centre (also known as Your Décor) by its portfolio company, Fraser Valley Building Supplies (“FVBS”). The acquisition of these stores increases FVBS’ store count to 8 within British Columbia. The Terrace Builders Centre store includes a 20,000-sq.-ft. retail area, a… READ MORE

On behalf of the Coast Spas Group’s Board of Directors, we are pleased to announce the appointment of Trent Anderson to the position of President & CEO of Coast Spas Lifestyles. Coast Spas Lifestyles is the retail arm of the Coast Spas Group, retailing the full lineup of Coast Spas as well as a selection… READ MORE

Krystal Growth Partners is pleased to announce the grand opening of the RONA Trail and RONA Nelson locations by its portfolio company, Fraser Valley Building Supplies (“FVBS”). The acquisition of these stores increases FVBS’ store count to six within British Columbia. Acquired in 2019 by FVBS, the Trail and Nelson stores represent a combined 35,000… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce the completion of the privatization of Carmanah Technologies Corporation (“Carmanah” or the “Company”) effective August 16, 2019. Krystal, in partnership with James Meekison, completed the transaction through a newly incorporated special purpose vehicle, CMH Acquisition Corp (“CMH”), by acquiring all of the issued and outstanding common shares… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce the appointment of Brian Lau to the position of Senior Associate, effective June 17, 2019. Brian joins Krystal after a successful early career in Investment Banking (CIBC Mid Market Investment Banking), Assurance and Transaction Services (PricewaterhouseCoopers). Brian qualified as a CPA, CA in 2015 and graduated from… READ MORE

Krystal Growth Partners (“Krystal”) announces the sale of its 50% interest in Brooks Corning Company Ltd. (“Brooks Corning”) to Brooks Corning president and 50% owner Bob Ross.  Krystal originally partnered with Bob to purchase Brooks Corning in 2015, a business he had been running since 2008.  Krystal has actively supported Bob’s efforts to develop a… READ MORE

Carmanah Technologies Corp. (CMH-T) announced after markets closed on Tuesday, May 7th, 2019 that it has received a proposal from companies controlled by directors and shareholders James Meekison and Terry Holland to purchase all shares of Carmanah they don’t already own or control for $7.35 per share, payable in cash. The stock closed at $6.83 on the Toronto… READ MORE