BT Corporate Finance advises Cedar Grove on the sale of its business
Vancouver, B.C. – Baker Tilly Corporate Finance is pleased to announce the sale of Cedar Grove Roofing Supply (“Cedar Grove”) to ABC Supply Co., Inc. (“ABC Supply”). Baker Tilly was the exclusive financial advisor to Cedar Grove and its shareholders.
“What a fantastic transaction! We are very excited and proud to have represented Cedar Grove and see the shareholders realize success while putting the business in good hands to build a strong future,” explains Baker Tilly Corporate Finance managing director Mike McIsaac. “After almost five decades in operation, Cedar Grove will continue to grow and serve British Columbia as part of ABC Supply.”
One of B.C.’s largest distributors of roofing materials and related products, Cedar Grove has expanded across Greater Vancouver and Vancouver Island with distribution centres in Abbotsford, Burnaby, Courtenay, Duncan, Parksville, Surrey and Victoria. Cedar Grove was also a member of NEMEON, a purchasing cooperative for roofing distributors.
“I am thrilled to pass the reins over to ABC Supply,” explains Cedar Grove president Dale Houtman. “My interactions with its Canadian leadership team have given me confidence that they will raise the already high bar of quality service Cedar Grove is known for by its customers and continue the family values Cedar Grove shares with its employees.”
ABC Supply is the largest wholesale distributor of roofing and other select interior and interior building products in North America. It was founded in 1982 and has more than 900 locations across the continent.
“We are excited to expand our presence in Canada and welcome the Cedar Grove team to ABC Supply,” explains president and CEO Keith Rozolis. “The family atmosphere that has helped Cedar Grove build lasting relationships with customers will remain unchanged, and we look forward to continuing to support their existing customers.”
Baker Tilly’s national advisory practice is focused on facilitating business transactions for its entrepreneurial clients. Baker Tilly’s dedicated and experienced team focuses on providing sell and buy side transaction services, as well as specialized tax and valuation services. Call us today to talk about your succession planning.
For further information
Mike McIsaac
Howard Ma
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