08 August 2017

Miller Johnson Represents Speyside Equity in Acquisition of McGregor & Thompson Hardware Ltd.

The Transaction
In May 2017, Speyside Equity Fund I LP (Speyside Equity) acquired McGregor & Thompson Hardware Ltd. (M&T Hardware) headquartered in Vancouver, British Columbia. M&T Hardware is a leading manufacturer and value-added distributor of doors, frames, finishing hardware, construction products and access control devices in Western Canada and the U.S. Pacific Northwest.

M&T Hardware’s business has significant synergies with Speyside Equity’s portfolio company Shanahan’s Limited Partnership which was purchased in March 2017 and is the largest distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. Jeffrey Stone, Managing Director for Speyside Equity, commented that “this investment represents an exciting opportunity in the Division 8 and 19 building products industry to continue the growth and development of the company.”

Miller Johnson acted as legal advisor to Speyside Equity in the transaction. Miller Johnson’s team included Dustin Daniels (M&A; Corporate), David Hall (Finance), 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.

McGregor & Thompson Hardware Ltd.
( Founded in 1964, M&T Hardware primarily serves the mixed-use multi-family residential market along with the industrial, commercial, and institutional market segment. With eight locations, M&T Hardware is the leading distributor in Western Canada and the U.S. Pacific Northwest. Its product line of over 60,000 items includes doors, frames, finish hardware and construction specialty products.

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.