Castle Cheese (West) Inc. partners with Headwater Equity Partners
Deal AnnouncementA Canadian cheese manufacturing business wanted to grow but needed help finding the right partner. See how our team supported them through the process.
Generation 2 Holdings Ltd. acquires Hi-Hog Farm & Ranch Equipment Ltd.
About the client
Edmonton-based family business Generation 2 Holdings Ltd. (“Generation 2”), an associated company of Universe Machine Corporation, was seeking to diversify a portion of their family holdings outside of oil and gas. Opportunity came in the form of Hi-Hog Farm & Ranch Equipment Ltd (“Hi-Hog”), an agricultural equipment and product manufacturer based in Calgary, AB. In evaluating different options, Generation 2 was interested in companies that complemented its existing values as a family-operated business. Those same values were also important to Hi-Hog, whose shareholders wanted to see the business continue to grow while preserving its legacy of manufacturing quality products, caring for customers, and maintaining a family environment for employees.
Through Grant Thornton’s acquisition advisory services, Generation 2 felt confident in their decision to secure the purchase of the business, building, and land.
Cultural alignment played a huge part in the decision to move forward with the transaction for both parties. Generation 2 and Hi-Hog’s shared values of manufacturing quality products and nurturing customer relationships create a strong foundation for the group moving forward.
Deal summary
Client
Generation 2 Holdings Ltd.
Transaction type
Acquisition
Services provided
M&A
Sector
Agricultural manufacturing
Close date
April 30th 2022
The client experience
"Working with Grant Thornton was fantastic. From start to finish, they provided insightful advice and were strong communicators. The team provided timely responses to our questions and acted as a trusted advisor. They had high levels of business acumen and recognized the importance of successful integration of the business post-transaction. We’d work with Grant Thornton again—the care and commitment they showed throughout the process was appreciated by everyone involved."
Kurt Feigel, President
Generation 2 Holdings Ltd.
Latest Deal announcements
Pukeashun Wilderness Inc. (Grizzly Lodge) acquired
Deal AnnouncementOur M&A team helped the owners of Grizzly Lodge successfully sell their business, supporting with the entire process from preparing marketing documents and finding the right buyer, to negotiations and bringing the deal to a close.
Kitchener-Wilmot Hydro and Waterloo North Hydro merge to form Enova Power
Deal announcementMany Canadian energy providers are exploring merging their businesses to become stronger and offer customers more competitive services. Before undertaking a merger, there are major financial and societal impacts to consider.