Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for November 2013

Fishing supplies deal

leave a comment »

http://www.novanewsnow.com/Business/2013-11-19/article-3486875/Vernon-dEon-Lobster-Plugs-under-new-family-business-ownership/1

Yarmouth, NS’s Vernon D’Eon Lobster Plugs has sold to Entreprises Shippagan of Shippagan, NB, owned by the Robichaud family.  The D’Eon business is a fishing supplies retailer with locations in NS and PEI.

Advertisements

Written by Dan Jennings

November 21, 2013 at 10:52 am

Posted in Announced Transactions

Tagged with

Vogue Optical deal

leave a comment »

http://www.marketwired.com/press-release/new-look-eyewear-inc-agrees-to-acquire-vogue-optical-tsx-bci-1854979.htm

PEI-based Vogue Optical is selling to New Look, a TSX-listed eyecare retailer based in Montreal.  Congrats to the Gray family!

Written by Dan Jennings

November 21, 2013 at 9:10 am

What to do when the kids don’t want the company

leave a comment »

http://www.theglobeandmail.com/report-on-business/small-business/sb-money/valuation/what-to-do-when-the-kids-dont-want-the-company/article14980848/#dashboard/follows/

Good article from the Globe and Mail on family business succession, highlighting the many exit options available to business owners today.

The below issue is one that I see a lot:

“By accessing more potential buyers from outside the usual list of competitors or known buyers, family business owners can be certain they are receiving fair value and are more likely to get a cash deal.  In comparison, a retirement income stream that relies on the fortunes of the family business managed by the next generation carries more risk.”

Written by Dan Jennings

November 16, 2013 at 11:14 am

A Raymond Yuill announcement

leave a comment »

http://bdo.ca/en/Press/pages/BDO-Expands-Presence-in-Halifax-Through-Mergers-with-McCuaig-and-Company-and-Raymond-Yuill.aspx

This time, I’m announcing our own transaction!

Our firm is pleased to announce that we are merging with BDO, effective December 1.  BDO is a national firm focused on the small to mid-market business and community organization sectors, which is the same market Raymond Yuill has been serving.  Our 5 partners and 20 staff will continue to serve our clients from the same 3 locations in Bedford, Bridgewater & Liverpool.  This merger will allow us to provide our clients with a broader range of services if/when they need them.

Written by Dan Jennings

November 15, 2013 at 11:20 am

Posted in Announced Transactions

Tagged with

Sell it vs Keep it

leave a comment »

http://www.sageworks.com/blog/post/2013/11/13/Business-management-strategy-selling-a-business-or-keeping-it.aspx?utm_source=facebook&utm_medium=organic&utm_campaign=post#!

Interesting blog post that encourages business owners to run their businesses “as if the owners want to sell out one day — even if they never do”.  The author also writes that one of the value drivers to maximizing value is to ensure the business’ success is no longer dependent upon the owner, a common theme I’ve written about here.

Written by Dan Jennings

November 14, 2013 at 12:27 am