This is a profile of the first “Chips off the Table” transaction completed by The Succession Fund™ in January 2008.
Westmount Storefront Systems Ltd. prepares, assembles and installs architectural glass windows, entrance systems and aluminum curtain wall framing. Its customers are general contractors building new or renovating existing retail stores, shopping centres and smaller office buildings. Westmount Storefront Systems is specified in many construction tenders as a preferred supplier, which is a distinct competitive advantage. The Company’s primary activities include estimating, drafting, fabricating and installing curtain wall (which is a non load bearing wall of glass with aluminum framing). The customer base is comprised of well known general contractors providing design-build services for the exterior facades of four to six story office and industrial buildings, as well as large retailers such as supermarkets, drug stores and many big-box formats.
Westmount Storefront Systems is located in Kitchener, Ontario, and operates from a state-of-the-art 25,000 sq. ft. fabrication and assembly facility with advanced CNC equipment. The Company is widely recognized as an industry leader for its installation capabilities, on-time delivery track record, quality workmanship, and loyal employees.
When The Succession Fund meets with business owners, many of them are beginning to think about succession planning and ownership transition issues, and realize that it's prudent to address them. The Succession Fund helped Tim Mitchell take some “chips off the table” and became a significant minority equity investor in Westmount. Completing a “chips off the table” transaction with The Succession Fund ensures that family business owners don't have to sell the entire company prematurely or incur additional debt.
For more information about Westmount Storefront Systems please contact Tim Mitchell (President and Founder) or Rino Messore (Vice President and General Manager). Tim Mitchell can be reached at 1-519-570-2850 ext. 24, and Rino Messore can be reached at 1-519-570-2850 ext. 42, or via email at rino_messore@westmountstorefront.ca.
20 Riverview Place
Kitchener, ON
N2B 3X8
www.westmountstorefront.ca
