Distinctive Appliances Inc.

Distinctive Appliances Inc. has acquired Corbeil Électrique Inc.

Industry:

Wholesale Trade

Distinctive Appliances Inc. has acquired Corbeil Électrique Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Distinctive Appliances Inc. in structuring and negotiating this transaction.

Transaction Brief

Distinctive Appliances Inc. ("DA") is a leading importer / distributor of mid-to high-end home appliances, exclusively representing European manufacturers in Eastern Canada and in certain U.S. states.  DA has been seeking to protect its market share by vertically integrating with a retail chain and as such, completed the Corbeil carve-out from the CCAA proceedings of Sears Canada.