PFM Capital Inc.
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PFM Capital Inc. has acquired a majority interest in Sexton Family of Companies
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Industry:
PFM Capital Inc. has acquired a majority interest in Sexton Family of Companies. MNP Corporate Finance Inc. provided financial and tax due diligence services to PFM Capital Inc.
Transaction Brief
PFM Capital Inc. (“PFM”) has acquired a majority interest in Sexton Family of Companies (“SFOC”) alongside co-investors BDC Capital (“BDC”) and Roynat Equity Partners (“Roynat”).
SFOC is a distribution, buying group and transportation business in the building materials industry and is comprised of five businesses including (i) Sexton Group, a Canadian building materials buying group (ii) Kenroc Building Materials, one of Western Canada’s largest gypsum specialty distribution companies (iii) Builders Choice Products, a specialty tool distribution company, (iv) Sexton Transport, a long haul trucking company and (v) Tage Davidsen Drywall Supplies, a gypsum dealer serving contractors in Calgary and surrounding areas. Kenroc was established in 1967 in Regina, Saskatchewan by the late Ken Sexton.
PFM is Saskatchewan’s largest private equity investment firm with over $750 million in assets under management across several funds. Based in Regina, Saskatchewan, PFM’s niche focus allows investors to benefit from the Prairies’ economic strengths by taking advantage of the firm’s established local contact network and long-term track record. PFM is employee-owned and has been managing private equity and venture capital funds since 1993.