AccessSMT Sells Wholesale Division
January 31, 2020
AccessSMT, a Speyside Equity portfolio company, sold its non‑core Wholesale Division (sale completed January 31, 2020) to streamline operations and focus on project management. Parts of the wholesale/distribution business (including Canadian hardware agencies) were reported sold to a PE buyer group led by Champlain Financial Corporation and GL Capital Inc.
- Buyers
- Champlain Financial Corporation, GL Capital Inc.
- Targets
- AccessSMT Wholesale Division
- Sellers
- AccessSMT, Speyside Equity
- Industry
- Building Products
- Location
- British Columbia, Canada
- Transaction Type
- Divestiture
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