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
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’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.
- 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
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