The private M&A market continues to be very active with succession being one of the key drivers. High valuations are supported by solid economic growth, ready access to low cost capital and strong demand from both financial and strategic buyers. 2017 was another very active year for Peter Day & Associates. Notable transactions completed in 2017 were as follows:
Health Care
JR Rebab Services sold to CBI Health Group.Peter Day & Associates acted as the exclusive M&A advisor for JR Rehab Services.
Since 1996, JR Rehab Services has established itself as one of the premiere health and rehabilitation service providers in British Columbia assisting clients with physical, cognitive and psychological challenges with a team of experienced and dedicated Occupational Therapists, Physiotherapists, Kinesiologists and rehabilitation assistants.
CBI is the largest provider of community healthcare services in Canada offering physiotherapy, occupational therapy, exercise and behavioural therapies, as well as physician, chiropractic, vocational, nursing, speech, massage and home health services.
Steel Distribution
Fasteel Industries sold to Sedulus CapitalPeter Day & Associates acted as the exclusive M&A advisor for Fasteel Industries.
For almost 40 years Fasteel has helped organizations in the fabrication, manufacturing, construction, transportation, utilities, forestry and numerous other sectors operate more efficiently and profitably by providing leading steel sales and service. Fasteel’s team combines product knowledge, customer contact and a service focus to make our customer’s operations run leaner.
Sedulus provides capital and management for active owner-operators seeking a financial and management succession solution for active business owners requiring capital and management succession and management teams requiring an active management buyout partner.
Tourism
Westcoast Sightseeing acquires The Vancouver Trolley CompanyPeter Day & Associates acted as the exclusive M&A advisor to Westcoast Sightseeing
Westcoast Sightseeing has been providing sightseeing services in Vancouver, Victoria and Whistler for over 30 years including hop-on, hop-off and open-air guided city tours in Vancouver, Victoria, Whistler and North Vancouver.
The Vancouver Trolley Company has been in operation since 1990 and provides hop-on, hop-off Vancouver city tours, tour packages and event shuttles.