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Consolidation trend Nov 2023 · Canada

Partial-sale succession model lets owners keep control while joining a larger group

An alternative succession strategy lets contractors sell a portion of the business (an 80/20 to 60/40 structure) while retaining ownership and control, marketed by MechCan co-founders as a win-win that preserves a small-family-business feel.

“Contractors looking at transitional retirement have the option to sell a portion of the business but maintain some control.”

Entities

MechCan · Acquirer
ElectricalHVACPlumbing
Source: Plumbing & HVAC, Nov 2023, p.36 (OCR)

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