05 June 2017

Miller Johnson Represents Speyside Equity in Acquisition of Shanahan’s

The Transaction
In March 2017, Speyside Equity Fund I LP (Speyside Equity) acquired Shanahan’s Limited Partnership (Shanahan’s) headquartered in the greater Vancouver, British Columbia area. Shanahan’s is the largest distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. Shanahan’s has served the building products market since the 1960’s and has grown to include production and sales facilities in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

Nick Lardo, Vice President for Speyside Equity, commented that “Miller Johnson combined world-class technical legal skills with a real-world problem-solving mentality to add value on the deal and bring the transaction to a successful close.”

Miller Johnson acted as legal advisor to Speyside Equity in the transaction. Miller Johnson’s team included Dustin Daniels (M&A; Corporate), Max Barnes (M&A; Corporate), Loic Dimithe (Corporate), Neil Williams (Tax), Jim Ens (Real Estate), and Alan Schwartz (Environmental).

Speyside Equity
( Formed in 2005, Speyside Equity employs an operationally intensive approach to investing in specialty chemicals, industrials/metal forming and food ingredients businesses. Speyside Equity targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. This principal-driven investment philosophy and approach has continued in its $130 million institutional fund closed in January 2016.

Shanahan Holdings Ltd.
( Founded in 1928, Shanahan’s mission is to relentlessly and reliably specify, innovate, source, manufacture and service building products for the institutional, commercial, multi-family, and industrial construction industry. Shanahan’s has a prominent reputation across Canada with its commercial, industrial, institutional and locksmith customers.

Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the various challenges that can arise in the context of mergers, acquisitions, dispositions and other business combination or investment transactions.

Miller Johnson is listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At the M&A Deals and Dealmakers Awards presented annually by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys are consistently involved in deals honored as finalists for the Deal of the Year categories. For further information, please contact Dustin Daniels at (616) 831-1737 or Erik Daly at (616) 831-1723.