I-XL Building Products Ltd.

Equicapita has acquired I-XL Building Products Ltd.

Industry:

Construction

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.