PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Roynat Equity Partners sells interest in Comtrad Strategic Sourcing

Roynat Equity Partners and Tepper Holdings Inc (THI) have sold their majority equity ownership interest in Comtrad Strategic Sourcing (Comtrad) to Ardenton Capital Corporation and Comtrad President, Jim Long.  

Based in Mississauga, Ontario, Comtrad is a leading importer and distributor of hardware and component products to furniture, kitchen and bath cabinet manufacturers and distributors throughout North America. With over 45 years of experience, Comtrad provides a “one-stop” solution for OEMs to outsource all facets of their supply chain with top quality products from Asia.
 
Under the ownership of Roynat Equity Partners and THI, Comtrad has expanded its operations and developed an innovative approach to outsourcing manufacturing, which in turn, has allowed it to service a wide range of industries.
 
“Comtrad and its management team have built a leading distributor in the industry that allows it to compete across North America,” says David Daum, President and CEO of Roynat Capital. “The company is well positioned to continue creating new opportunities”.
 
“With the support provided by Roynat and THI, Comtrad has experienced significant growth and diversification and can now continue that momentum with a new partner,” says Comtrad President, Jim Long.
 
Grant Thornton Corporate Finance served as exclusive financial advisor and Loopstra, Nixon LLP served as legal counsel to Roynat Equity Partners and THI in connection with the sale.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured