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Raymond Chabot Grant Thornton Corporate Finance is pleased to announce its role as exclusive financial advisor to EBSU Ltd in connection with the acquisition of Euro-Rite Cabinets Ltd.
Since 1981, EBSU Ltd (“EBSU”) has been developing and manufacturing quality and innovative residential cabinets, pre-assembled and ready to install. EBSU products are distributed in over 1,000 retail locations across North America through large renovation and hardware stores such as Lowe’s, Réno-Dépôt, Rona, BMR and Patrick Morin. Through its Ontario-based division, Woodlore, EBSU manufactures quality products for the office industry.
Founded in 1982, Euro-Rite Cabinets Ltd. (“Euro-Rite”), is a leading manufacturer of kitchen and bathroom cabinets, as well as storage systems, and is one of the largest manufacturers of ready-to-assemble cabinets in Western Canada. Through its 120,000 square foot manufacturing facility in Pitt Meadows, British Columbia, Euro-Rite services a diversified client base of dealers, contractors and real estate developers.
EBSU called on Raymond Chabot Grant Thornton’s Corporate Finance team to advise the Company on the acquisition and the financing structure to attain its growth plan.
“Once again, the Raymond Chabot Grant Thornton Corporate Finance team was instrumental in assisting my team and I every step of the way.” states Napoleon Boucher, president of EBSU. “Their expertise in mergers and acquisitions as well as their knowledge of the debt financing markets enabled us to obtain competitive terms and conditions all whilst managing the process in a very professional manner and allowing us to benefit from their extensive network.”
The addition of Eurorite, will enable Québec-based EBSU to enhance its portfolio of custom products and further position itself as a leading supplier of large-scale residential projects. “With this acquisition in Western Canada, EBSU consolidates its leadership position across Canada,” states Napoléon Boucher. “Eurorite allows us to optimize our production, our delivery times, and our utilization of internal resources.”
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.