The Business
An established flooring company in Southwestern Ontario. Its majority owner was ready to retire, and a minority shareholder who already worked in the business wanted to take it over with a business partner.
How We Helped Our Clients Buy It
A succession inside a company can stall when nobody knows what the business is really worth. We started with a full valuation, so our clients knew the value of the remaining shares before making an offer.
We then structured an offer that reflected both the value of the company and the stake our clients already held, negotiated the letter of intent, and kept the buyers and the retiring owner moving toward an agreement.
Through to closing, we worked alongside our clients’ accountant and lawyers so that every piece of the share purchase came together.
The Result
Ownership passed to people who already knew the business, its customers and its team, and the retiring owner was able to step away. Internal successions like this one benefit from the same valuation and negotiation work as an outside sale.
