Diamond Ice Systems Ltd.
Gilden Holdings Ltd. has acquired Diamond Ice Systems Ltd.
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Gilden Holdings Ltd. has acquired Diamond Ice Systems Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Diamond Ice Systems Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of Diamond Ice Systems Ltd. ("Diamond Ice") to implement their succession strategy while ensuring the continued growth and success of the company for stakeholders and employees alike.
Diamond Ice is a leading wholesaler of commercial food equipment, heating, air conditioning, and refrigeration (“HVAC-R”) systems in Canada. The company’s commitment to exceptional service has led to strong customer relationships with a network of retailers, contractors, and service providers. Through exclusive distribution rights with well-known original equipment manufacturer (“OEM”) brands, the company has established itself as a reliable and premier wholesaler.
Gilden is a family-owned business that acquires HVAC-R distributors across Canada. Gilden uses its scale and capital to grow its partners' operations by expanding product lines, leveraging established contractor relationships, and centralizing core operations, such as sales, marketing, purchasing, and inventory management.