NOVEMBER 25, 2016 – Yellow Point Equity Partners is pleased to announce the closing of an investment in Canadian Appliance Source (“CAS”), a Toronto-based omni-channel retailer of major home appliances.
CAS is a technology-enabled, click-to-brick retailer of kitchen and laundry appliances. Founded as an ecommerce-only business in 2008, CAS has grown rapidly and now operates five showrooms in southern Ontario. Its effective ecommerce platform, sophisticated business management systems and specialist sales associates ensure that customers get the most competitive prices on the world’s leading appliance brands.
“My goal when selecting an equity partner was to find a group who could provide the support that CAS needs to grow,” said CAS CEO, Ari Klein. “A key factor in selecting Yellow Point was their experience in assembling advisory boards and building management teams. Yellow Point’s investment philosophy of providing strategic support while remaining operationally hands-off means that my leadership team will be strengthened without a change in the culture that has led us this far. We will continue to provide our customers with superior service and the most competitive pricing.”
Dave Chapman, Managing Partner of Yellow Point said, “we have been very impressed by Ari and his team at CAS. The company’s visually appealing showrooms, industry-leading website and expert sales staff provide an exceptional consumer experience. We are enthusiastic about partnering with Ari and supporting him and his team in taking CAS to its next level of success.”
This was Yellow Point’s third investment in its fourth fund, which had its final close in late 2015.
ABOUT YELLOW POINT
Yellow Point Equity Partners has been actively helping its management partners build better businesses for over 12 years. The firm invests in outstanding management teams of later-stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies. Yellow Point’s approach is supportive, hands-off with respect to day-to-day operations and active when it comes to strategic decisions and board work.
For more information, please contact us or visit www.ypoint.ca.