Despite consistently strong demand from strategic and financial buyers, rapidly increasing interest rates and high levels of inflation had a moderating impact on economic growth and M&A activity in 2023.
Notable transactions completed by Peter Day & Associates in 2023 were as follows:
Construction Equipment
Great West Equipment sold to Nors GroupPeter Day & Associates acted as the exclusive M&A advisor for Great West Equipment.
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Great West Equipment has around 250 employees spread across 11 branches in Canada and revenues of $245 million in 2023’s fiscal year. The company represents leading equipment manufacturers with globally recognized brands, including Volvo Construction Equipment, Madill, Metso, Sennebogen, Falcon, and others.
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Nors Group is a family-owned Portuguese company that specializes in heavy equipment and construction.
“We had the pleasure of working with Peter Day for the sale of our business, and the experience exceeded all expectations. As first-time sellers, we were unsure of the process, but Peter guided us through every step with professionalism and expertise. His meticulous pre-disclosure due diligence was particularly impressive, uncovering opportunities and generating significant additional value for our company. His ability to navigate negotiations and secure favorable terms was instrumental in achieving a successful outcome. I highly recommend Peter to anyone looking to maximize the value of their business.”
Rob Rintoul, CPA, CA, CFE, CFO
Staffing
Stafflink Solutions sold to Altis RecruitmentPeter Day & Associates acted as the exclusive M&A advisor for Stafflink Solutions.
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Staffling Solutions is a boutique IT staffing company based in Toronto.
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Altis Recruitment is a leading independent staffing firm in Canada, providing recruitment services and HR support across various sectors since 1989.
“Peter Day was referred to me by two different people and I am immensely grateful he was. During the sale of my business, Peter was supportive, knowledgeable, and professional. His calmness and knowledge of the M & A process enabled me to sell my business for more than I expected in a distressed market. He was very patient and guided me through each step of the sale process with kindness and honesty. I would highly recommend Peter Day to anybody that wants to work with a partner in selling their business that will be there for you, even when things are difficult and will guide you with years of wisdom on how to get to the finish line.”
Tim Collins, Founder, Stafflink