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Raymond Chabot Grant Thornton Corporate Finance advises EBSU Ltd on the acquisition of Woodlore International Inc.
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.
Also founded in 1981, Woodlore International Inc (“Woodlore”), is a leading furniture manufacturer located in Brampton, Ontario which runs a 140,000 square foot manufacturing facility with state-of-the-art manufacturing equipment. In addition to their broad offering of quality office furniture, Woodlore
EBSU called on Raymond Chabot Grant Thornton’s Corporate Finance team to advise the Company on the acquisition and financing its growth plan.
“The RCGT 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.”
This acquisition allows Canadian-based EBSU to accelerate its growth plan and position itself among the major players in the North American manufacturing industry. In addition to the acquisition of Woodlore, EBSU has announced the construction of a new 180,000-square-foot plant in Salaberry-de-Valleyfield which will be fully operational in the fall of 2021.
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 a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,700 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 58,000 people in nearly 140 countries.