I-XL Building Products Ltd.
Equicapita has acquired I-XL Building Products Ltd.
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Equicapita has acquired I-XL Building Products Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to I-XL Building Products Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of I-XL Building Products Ltd. ("I-XL"), a leading Canadian supplier of brick, stone and building envelope products, to implement their succession strategy while ensuring the business will continue to thrive under the stewardship of the Equicapita Income Trust ("Equicapita"), a private equity firm based in Calgary, Alberta.
Equicapita has more than $175 million in assets under management focused on acquiring private Canadian businesses with enterprise values ranging from $5 million to $50 million.
Founded in 1983, I-XL Building Products Ltd. is one of the largest importers and distributors of brick, stone and building products in Canada with roots dating back to 1912. With a focus on premier products from around the world, I-XL offers customers one of the most comprehensive selections of building envelope products available. Over the course of their long history, they have established an unrivaled reputation for customer service, product knowledge and design expertise. I-XL has seven locations across Canada with headquarters in Surrey, B.C.