MARCH 21, 2017 – Yellow Point Equity Partners II LP (“Fund II”) is pleased to announce that it has successfully exited its investment in Shanahan’s Limited Partnership (“Shanahan’s” or the “Company”). On March 21, Fund II sold its stake in Shanahan’s to a US-based private equity firm.
Shanahan’s is a leading Canadian supplier of specialty construction products including metal doors, lockers and toilet partitions. The Company is western Canada’s largest provider of these products to the industrial and commercial construction and renovation markets.
Brian Begert, Managing Partner of Yellow Point Equity Partners said “our partnership with Shanahan’s management team was positive for all parties. The team grew Shanahan’s into a national leader in Canada’s specialty construction products sector and, in doing so, created material value for all stakeholders. I am also very pleased that our management partners, who risked their own capital alongside Yellow Point, enjoyed substantial returns on their investments.”
Greg Toft, CEO of Shanahan’s, added “the partnership with Yellow Point was instrumental in the continued growth of Shanahan’s. Yellow Point was a supportive partner, providing strategies and timely advice that aided us in enhancing our leadership position in our market.”
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Yellow Point Equity Partners has been actively helping its management partners build better businesses for nearly 14 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.
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