Corrosion Service

Speaking the bank’s language.

Background

One of three equal shareholders of a infrastructure services company approached FirePower seeking to buy out the other two shareholders.

The shareholders have been in disagreement around the growth strategy, with only the operating shareholder wishing to reinvest in the company’s growth, and the other two exclusively interested in their share of dividends.

Solution

FirePower worked in confidence with the operating shareholder, putting in place the capital required to a) buy out the shares of the other two shareholders, and b) ensure financing for the company’s growth. The transaction had to be highly confidential; FirePower put the facilities in place through a very discreet process and was able to navigate the funding process without the other two shareholders' knowledge.

As soon as the credit facilities were in place, the operating shareholder was able to exercise the “shotgun clause”, which gave the other two partners 30 days to reverse the deal.

Unable to secure financing when the term expired, they were bought out. The infrastructure services business is now growing at a much quicker pace, with strong leadership and a clear vision.

Investment Banking Manufacturing, Automotive & Industrials
Case Studies

CSR Cosmetic Solutions
The owner of CSR had taken over the business out of bankruptcy and successfully grown it for 15+ years and was ready for a well-deserved retirement. A previous sale attempt (by a top-tier accounting firm) was unsuccessful in 2015.

Read Full Case Study

Applied Comfort
We guided Applied Comfort in its search of a strategic partner to fully realize its potential in the United States. We concluded a transaction with a UK-based strategic, with a complementary product portfolio and distribution capabilities.

Read Full Case Study
Market Insights
From the archives: March 2018

The Tidal Wave That's Coming
Where is that tidal wave of Canadian baby boomers putting their businesses up for sale? We’ve all heard about it, but we haven’t seen…

Read Full Report