MLT Aikins has facilitated the merger of a multi-generational, family-owned Canadianfencing and perimeter security company with a global leader in access solutions.
Winnipeg-based Wallace & Wallace and Wallace Perimeter Security has been purchased by ASSA ABLOY, based out of Stockholm, Sweden.
Korwynn (Kori) Buhler, the President of Wallacegroup of companies, couldn't be happier with how MLT Aikins handled the complexities of the transaction.
"We wanted this deal to respect all the years my family has dedicated to growing this companywith our 160 employees,"says Kori Buhler. "We felt the time was right to take things to the next level, and Scott Markham and the rest of the MLT Aikins team handled things with the utmost professionalism."
The Wallace group of companies was started in 1946 in Winnipeg and has served the Canadian market and beyond as a manufacturer, distributor and installer of perimeter fencing, door and gate solutions for the commercial and residential market.
"When it came time to finalize this deal with ASSA ABLOY, MLT Aikins helped mitigate risk and ensure the complex negotiation process ran smoothly," adds Kori, who along with his brother, James, ran the company for more than 25 years.
"MLT Aikins did an amazing job. Scott Markham, Paul Tascona, Jayelle Friesen and Patrick Keating provided quality advice.Their responsiveness to our needs was next level and stress free."
When it comes time for the selling of your family-owned business, the mergers and acquisitions practice group at MLT Aikins has the experience you need to handle these life-changing events. The team is well-equipped to action all your succession planningneeds.