The economic recovery that began in 2021 continued at a very strong pace in the first half of 2022. While M&A activity was very strong in the early part of the year, rapidly increasing interest rates, global logistics issues and high levels of inflation had a moderating impact on economic growth and M&A activity in the second half of the year.

Notable transactions completed by Peter Day & Associates in 2022 were as follows:

Distribution

Lighthouse Equity Partners invests in Aqua Spa & Pool Supply
Peter Day & Associates acted as the exclusive M&A advisor for Aqua SPA & Pool Supply.

Aqua Spa & Pool Supply has been serving the Canadian pool and spa industry for more than 25 years. As a wholesale distributor, they support retailers and service technicians from coast to coast out of their head office and main branch in Aldergrove, British Columbia, and satellite branch in Calgary, Alberta.

Lighthouse Equity Partners is a Western Canadian based active investment partner working side by side with passionate management teams.

“Peter was instrumental in guiding me through the entire transaction process from start to successful finish. Peter’s reputation, experience and integrity brought a lot of credibility when dealing with potential purchasers and their representatives. I was extremely pleased with the outcome of the transaction, and I am confident it would not have been as smooth an experience without Peter’s efforts and guidance. You won’t find better representation than Peter Day if you are looking to sell your business.”

Jason Erwin, President, Aqua Spa & Pool Supply Ltd.


Food

Huer Foods sold to Krystal Growth Partners
Peter Day & Associates acted as the exclusive M&A advisor for Huer Foods.

Based in Langley, BC, Huer has been packaging and distributing Huer branded and private label soft & chewy candy for national, regional and independent retailers across Canada for over 35 years.

Krystal Growth Partners is a Vancouver-based boutique private equity firm focused on mid-market businesses with revenues between $10 million and $100 million.

“Preparing your private business for sale is a significant process in both time and commitment. Peter’s diligence, deep knowledge of the process provided the foresight for a superior outcome. Peter’s professional integrity and frequent communication with myself reinforced that his commitment to the process never floundered and that he was always an advocate for me.
I highly recommend Peter for persons who wish to sell their business.”

Ryan Storey, President & CEO, Huer Foods Inc.