Raymond Chabot Grant Thornton Corporate Finance is pleased to announce its role as exclusive financial advisor to EMSPEC Inc in connection with the sale of the company.
Based in Québec, Canada, Empsec’s beginnings can be traced back to 1947 as part of the European SDCEM group. Founded in 1992, EMSPEC is a pioneer and innovator in the global switchgear market, specializing in the design and manufacturing of high and medium voltage switching equipment intended for electric power transmission, substations, power generation, renewable energy, and electrified railway transportation systems. Over its 30-year history, the Company has evolved to become an innovative switchgear manufacturer, serving leading utility, industrial and rail transportation companies.
EMSPEC called on Raymond Chabot Grant Thornton’s Corporate Finance experts to advise the Company in connection with the transaction.
“My business is as precious to me as the apple of my eye. It was therefore crucial for me that the buyer take care of it and continue to support its development. Working with the team at Raymond Chabot Grant Thornton was like working with friends who understand your goals.” stated Daniel Mongrain, President at Emspec.
EMSPEC joins Hapam, Strengthening the Van Halteren Group of Companies
Raymond Chabot Grant Thornton Corporate Finance is pleased to announce its role as exclusive financial advisor to EMSPEC Inc in connection with the sale of the company.
“The success of such a complex project is largely conditioned by the quality of the relationships you have with your advisors. This is exactly what we found in the Raymond Chabot Grant Thornton’ team. ”
Hapam, part of the Van Halteren Group, is an independent manufacturer of high-voltage disconnectors and earthing switches with an excellent performance and world-wide reputation. Hapam has supplied over 200,000 disconnectors in more than 125 countries worldwide. The continuous improvement of materials and technologies have resulted in high-quality products that are easy to install and need minimal maintenance. Next to The Netherlands, Hapam also has factories in Lodz, Poland and Hanoi, Vietnam. Hapam is one of the leading disconnector manufacturers in the world.
Hapam has stated that EMSPEC will continue to operate as an independent brand, meaning that customers will continue to have access to the existing sales and service channels that they are accustomed to.
The acquisition by Hapam is supported with enthusiasm by Emspec’s current shareholders. “We look forward to the strengthening of EMSPEC’s product portfolio within the high-voltage field, which consequently also will be beneficial to the existing customers”, states Daniel Mongrain, CEO of EMSPEC. “EMSPEC’s current shareholders will, after completion of the transaction, remain involved to ensure a smooth transition.”
“We are very pleased to have been able to complete the acquisition of EMSPEC as foreseen. We are consistently investing in new future-oriented technologies to further expand our product and services portfolio, therewith strengthening our corporate and position as a global supplier of energy transmission systems and components”, says Aart Veerman, CEO of Hapam. “The acquisition of EMSPEC is an important strategic step for Hapam. On top of the expansion to the American market, the portfolio of the company is an outstanding addition to our existing strong base.”
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. By leveraging our extensive experience working with mid-market businesses, our understanding of shareholder objectives, our approach to deal structuring and our creative solutions, we strive to achieve a transaction process that leads to a successful outcome for all stakeholders.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.
02 Feb 2023 | Written by :
Saki Tzanidis is a financial advisory expert at Raymond Chabot Grant Thornton. Contact him today!
See the profileYou could also like to read
Next article
Raymond Chabot Grant Thornton Corporate Finance is pleased to announce its role as exclusive financial advisor to HGreg Group in connection with the financing of its US operations.
Founded nearly 30 years ago, HGreg Group (“HGreg”) – which includes both HGrégoire and HGreg.com – is known for its committed to redefining the car buying experience through its core values of excellence in customer service, transparency, smart use of technology and a refreshing customer-focused philosophy. Supported by a passionate team of more than 1,700 employees, HGreg operates 31 dealerships in North America offering both pre-owned and new vehicles.
HGreg is one of the fastest growing automotive groups in North America with 31 dealerships located in Canada (20 in Quebec) and the USA (8 in Florida and 3 in California). John’s leadership and perseverance has set out to drastically improve the car-buying experience for consumers across the continent.
Raymond Chabot Grant Thornton advises HGreg on a US Financing transaction.
Raymond Chabot Grant Thornton acted as exclusive financial advisor to HGreg Group.
HGreg Group called on Raymond Chabot Grant Thornton’s Corporate Finance team to advise the Company on a financing structure to attain its growth plan.
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. By leveraging our extensive experience working with mid-market businesses, our understanding of shareholder objectives, our approach to deal structuring and our creative solutions, we strive to achieve a transaction process that leads to a successful outcome for all stakeholders.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.
Next article
Raymond Chabot Grant Thornton is proud to have supported Filtre Plus Y.G. Inc. as exclusive financial advisor for the business sale process.
Founded in 1982, Filtre Plus Y.G. specializes in the sale and installation of refrigeration, air conditioning, heating and ventilation products. The company’s services also include the maintenance and repair of equipment and the cleaning of wall units and ventilation ducts for the residential, commercial and industrial sectors.
The company has continued to stand out in the market with its drive and inventions. It is the reference in heating, air conditioning and ventilation in Québec City. Carl Bolduc became a company shareholder in 2001 and his current partners, Pascal Bergeron and Jean-Philippe Harvey, joined the company in 2007 and 2014 respectively. The business has 40 employees in Québec City.
Private Investor Acquires Filtre Plus Y.G.
Raymond Chabot Grant Thornton served as exclusive financial advisor for Filtre Plus Y.G. Inc.
Raymond Chabot Grant Thornton served as exclusive financial advisor for Filtre Plus Y.G. Inc.
With a strong reputation in the Québec City area, the company wanted to find a buyer that would give it the support it needed to grow while continuing to offer quality service to its customers. The Raymond Chabot Grant Thornton consultant on the transaction, Dominic Chouinard, quickly found strategic buyers thanks to his knowledge of the market and an efficient and thorough process.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.
02 Feb 2023 | Written by :
Dominic Chouinard is an expert in business sales and acquisitions at Raymond Chabot Grant Thornton....
See the profileNext article
Raymond Chabot Grant Thornton Corporate Finance is pleased to announce its role as exclusive financial advisor to EBSU Ltd in connection with the acquisition of Euro-Rite Cabinets Ltd.
Since 1981, EBSU Ltd (“EBSU”) has been developing and manufacturing quality and innovative residential cabinets, pre-assembled and ready to install. EBSU products are distributed in over 1,000 retail locations across North America through large renovation and hardware stores such as Lowe’s, Réno-Dépôt, Rona, BMR and Patrick Morin. Through its Ontario-based division, Woodlore, EBSU manufactures quality products for the office industry.
Founded in 1982, Euro-Rite Cabinets Ltd. (“Euro-Rite”), is a leading manufacturer of kitchen and bathroom cabinets, as well as storage systems, and is one of the largest manufacturers of ready-to-assemble cabinets in Western Canada. Through its 120,000 square foot manufacturing facility in Pitt Meadows, British Columbia, Euro-Rite services a diversified client base of dealers, contractors and real estate developers.
EBSU Ltd. continues to grow with the acquisition of Euro-Rite Cabinets Ltd.
Raymond Chabot Grant Thornton acted as exclusive financial advisor to EBSU.
EBSU called on Raymond Chabot Grant Thornton’s Corporate Finance team to advise the Company on the acquisition and the financing structure to attain its growth plan.
“Once again, the Raymond Chabot Grant Thornton Corporate Finance team was instrumental in assisting my team and I every step of the way.” states Napoleon Boucher, president of EBSU. “Their expertise in mergers and acquisitions as well as their knowledge of the debt financing markets enabled us to obtain competitive terms and conditions all whilst managing the process in a very professional manner and allowing us to benefit from their extensive network.”
The addition of Eurorite, will enable Québec-based EBSU to enhance its portfolio of custom products and further position itself as a leading supplier of large-scale residential projects. “With this acquisition in Western Canada, EBSU consolidates its leadership position across Canada,” states Napoléon Boucher. “Eurorite allows us to optimize our production, our delivery times, and our utilization of internal resources.”
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.
02 Feb 2023 | Written by :
Saki Tzanidis is a financial advisory expert at Raymond Chabot Grant Thornton. Contact him today!
See the profile