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
Location
British Columbia, Canada
Transaction Type
Divestiture

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