Miramar Holdings Ltd.'s companies are acquired by IBP Investments Inc.

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About the client

Miramar Holdings Ltd. has operated five Home Hardware stores across Western Canada for over a decade. In that time, Home Hardware has become known as Canada's largest dealer-owned hardware, lumber, building materials, furniture, and home improvement retailer.

The owners at Miramar Holdings Ltd.—a local husband and wife team—brought our M&A team on board to help them with selling their business. They were ready to transition out of their business and begin a new life chapter.

Our advisors helped them with succession planning so they could retire with peace of mind. This included preparing to take the business to market, expanding the search for buyers, and assisting with due diligence services.

Finding a buyer that would continue supporting existing employees was a key consideration in the search. In the end, IBP Investments Inc. provided to be the right fit as a buyer and both parties felt confident in the outcome. Today, each Home Hardware store is set to continue flourishing under leadership with the same commitment to employees and customers.

Fast facts

Client

Miramar Holdings Ltd.

Transaction type

Divestiture

Services provided

M&A

Sector

Retail – Building Products

Close date

August, 2024

The client experience

"We couldn't have asked for a better team to guide us through the process of selling our business. Even during some challenging moments, their unwavering support and expertise helped us navigate the complexities of our deal and overcome every obstacle. Their dedication, professionalism, and personalized advice made all the difference—and provided us with the confidence to make decisions throughout the process. We highly recommend Doane Grant Thornton to anyone looking for a dependable advisor when selling a business."

Miramar Holdings Ltd.