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News FirePower Backs Limelight's Strategic Expansion and Modernization Plans

NEWS 20240529 Limelight

TORONTO, CANADA – May 29, 2024 — FirePower Capital (“FirePower”), Canada’s entrepreneurial lender, investor, and M&A advisor, today announced that it has provided a term loan to Limelight Properties (“Limelight”), a multi-family real estate investment and management firm operating in Southwestern Ontario and Western Canada. The company specializes in identifying properties with strong investment potential while enhancing the quality of tenant living. Limelight improves property value and tenant satisfaction by modernizing facilities and management services. The firm intends to use the funding to expand its portfolio by acquiring assets that offer opportunities for operational efficiencies and value appreciation.

Mitch Dudman, President at Limelight, commented, The experience working with the team at FirePower has been exemplary, demonstrating a commendable level of professionalism and expertise throughout the process. Their support has enabled us to pursue our strategic objectives and foster the company’s continued growth and overall portfolio. We look forward to further collaboration with FirePower as we navigate future opportunities.”

FirePower’s Trevor Simpson, Partner, Private Debt, remarked, This transaction is an example of how we support entrepreneurs whose businesses may be too early in their growth phase to secure institutional funding but too large to access capital from traditional lenders.” Simpson added, We look forward to continuing this partnership with Limelight as they continue on this growth trajectory.”

About Limelight Properties

Limelight Properties is a multifamily real estate investment and management firm operating in Southwestern Ontario and Western Canada. The company specializes in acquiring assets where it can create operational efficiencies and enhance the living experience for its tenants. www​.lime​light​props​.com

About FirePower Capital

FirePower Capital is the private capital and M&A advisory firm built for Canada’s entrepreneurs. Our team of 70+ professionals helps mid-market business owners complete mission-critical transactions by advising them or investing in their companies directly. www​.fire​pow​er​cap​i​tal​.com

Media contact:

Rieshdah Gabier

Director, Business Development & People

rgabier@​firepowercapital.​com

Mitch Dudman

President

Limelight Properties

mitch@​limelightprops.​com

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