Edmonton-based family business Generation 2 Holdings Ltd. (“Generation 2”), an associated company of Universe Machine Corporation, was seeking to diversify a portion of their family holdings outside of oil and gas. Opportunity came in the form of Hi-Hog Farm & Ranch Equipment Ltd (“Hi-Hog”), an agricultural equipment and product manufacturer based in Calgary, AB. In evaluating different options, Generation 2 was interested in companies that complemented its existing values as a family-operated business. Those same values were also important to Hi-Hog, whose shareholders wanted to see the business continue to grow while preserving its legacy of manufacturing quality products, caring for customers, and maintaining a family environment for employees.
Through Grant Thornton’s acquisition advisory services, Generation 2 felt confident in their decision to secure the purchase of the business, building, and land.
Cultural alignment played a huge part in the decision to move forward with the transaction for both parties. Generation 2 and Hi-Hog’s shared values of manufacturing quality products and nurturing customer relationships create a strong foundation for the group moving forward.
Client
Generation 2 Holdings Ltd.
Transaction type
Acquisition
Services provided
M&A
Sector
Agricultural manufacturing
Close date
April 30th 2022
"Working with Grant Thornton was fantastic. From start to finish, they provided insightful advice and were strong communicators. The team provided timely responses to our questions and acted as a trusted advisor. They had high levels of business acumen and recognized the importance of successful integration of the business post-transaction. We’d work with Grant Thornton again—the care and commitment they showed throughout the process was appreciated by everyone involved."
Kurt Feigel, President
Generation 2 Holdings Ltd.
