Sequeira Partners acted as transaction advisor to Universal Supply Co. Inc. on its sale to EMCO Corporation. The transaction closed in April 2017.
Description of Transaction
Sequeira Partners was engaged to assist with the sale of Universal Supply Co. Inc. to address ownership succession and to assist with identifying the best-fit partner for the company’s long-term success. Sequeira provided advisory assistance to Universal through a structured sale process including valuation, approaching potential purchasers, the negotiation of transaction terms, due diligence support and final deal completion.
With the closing of this transaction, Universal achieved its primary objective of finding a strategic partner to preserve the Universal Supply brand, culture and legacy, while facilitating accelerated future growth and opportunities for all of Universal’s employees.
Founded in 1955, Universal Supply specializes in wholesale distribution of bathroom fixtures, plumbing and heating supplies to the commercial and residential building sectors in British Columbia. As one of the largest distributors in the province, Universal sells more than 30,000 products from over 150 suppliers including Kohler, Delta, and Honeywell to residential and commercial builders, contractors, designers and plumbing resellers.
Based in London, Ontario, EMCO Corporation is a leading wholesale distributor of plumbing, HVAC, industrial and waterworks products. With more than 200 locations across Canada, EMCO services its customers through an extensive network of profit centres, distribution warehouses, and showrooms.