Tamarack North Holdings Ltd.

Get financing to succeed with a management buy-in
Christopher Madden - President of Tamarack North Holdings Ltd.

Impressive portfolio of prestigious main homes, cottages, boathouses and commercial buildings

About the company

High-end home construction contractor.

Location: Muskoka, Ontario

Industry: Construction

Entrepreneur challenge

The founder was looking to sell significant shares to his employees. He needed financing to succeed with a management buy-in that would help keep the business local, ensure continuity, foster employment engagement and retention, as well as drive growth.

BDC expertise

BDC’s experts provided financing for the management buy-in, including refinancing property and a warehouse to assist in the share buy-in. The company has been a BDC client since 2006.

Results

  • Founder went from being a 100% owner to a 25% owner
  • Company now has 30 shareholders, all of whom are employees
  • Doubled revenues over the last five years
  • Projected substantial growth over the next year
  • Ensured continuity, employment engagement and retention

Tell us about your project

Get financing to sustain your business’ growth.

Contact us
Your privacy

BDC uses cookies to improve your experience on its website and for advertising purposes, to offer you products or services that are relevant to you. By clicking ῝I understand῎ or by continuing to browse this site, you consent to their use.

To find out more, consult our Policy on confidentiality.