Canadian private equity firm Granite Partners has acquired Chair-man Mills, Inc., a Toronto, Ontario-based provider of table top rentals, stages and dance floors for special events, founded in 1911. The financial terms of the deal were not released. Granite Partners specializes in succession planning transactions, management buyouts and shot-gun transactions.
Douglas Buchanan, Managing Director of Granite Partners, today announced the acquisition of Chair-man Mills Inc.
Founded in 1911, Chair-man Mills is recognized as Canada’s leader in the special events industry providing high quality table top rentals, stages and dance floors, and high quality tabletop rentals for special events held at major venues and in Canadian private homes.
“We are very pleased with this platform investment and look forward to growing the Chair-man Mills business organically and through acquisition. We believe this will be the first of numerous acquisition opportunities in the fragmented event rental industry,” said Douglas Buchanan.
Granite, founded in 1996, is Canada’s leading boutique private equity firm and has an unparalleled track record of helping owners of profitable midsized businesses (revenues of $10 million to $100 million) build upon and unlock the value they have created in their businesses.
Terms of the Chair-Man Mills deal were not released.
Photo courtesy of Shutterstock.