Latest Spencer Supports Canada News
Jun 20, 2019
Entrepreneur Capital acquires Spencer Supports Canada Entrepreneur Capital has announced the acquisition of a controlling ownership interest in Spencer Supports Canada Ltd., with operations in Montréal and in Stanstead, Québec. The transaction closed early this month. Financial terms were not disclosed. Founded by Markus Haug and operating via its operating subsidiaries HB Heller and GSL Creations, Spencer Supports Canada is a Canadian leader in the value segment of the ladies and teens apparel sector. Haug will continue to lead the company. Founded by successful entrepreneurs with deep transactional experience in working with small and medium-sized businesses, Montreal based Entrepreneur Capital is a private equity investment firm aiming to partner with established and well-managed businesses whose operating profits (EBITDA) are in excess of $3 million. photo credit: Spencer Supports Canada News Release Entrepreneur Capital announces a new platform investment It is with great pleasure that Entrepreneur Capital announces the acquisition of a controlling ownership interest in Spencer Supports Canada Ltd., with operations in Montréal and in Stanstead, Québec. Spencer, via its operating subsidiaries HB Heller and GSL Creations is a Canadian leader in the value segment of the ladies and teens apparel sector by providing good quality products at attractive prices and by managing the private label programs for their various customers from design, style selection, manufacturing, logistics and weekly delivery to stores across Canada. The Company has also developed specific expertise in the plus sized market and other specialty markets such as undergarments, swimwear, maternity, fast fashion, etc., and is less subject to fashion risk at the value end of the spectrum. “We are excited to be partnering with Spencer’s President and CEO and his experienced management team who have developed and diversified the business over the past several years. Spencer has the unique advantage of being able to design and manage successful private label programs for its mass market retail clients with a strong focus on quality and reliability to respond effectively to their customer needs. We look forward to continue to grow the Company organically, in both existing and new markets as well as consider strategic add-on acquisitions” said André La Forge, Partner at Entrepreneur Capital. “My long-time business partner was looking to retire from the business and rather than completely sell-out, I decided to bring on an experienced financial partner that would provide my team and I with the support to continuing to successfully grow our business over the next several years”, adds Markus Haug, President of Spencer. « This is Entrepreneur Capital’s fifth platform transaction of this type since 2013, and Spencer is a perfect fit for our business model of acquiring majority interests in partnership with management in market leading companies that are well managed, profitable and offer attractive growth prospects over the medium/long run » concludes Eric Doyon, Managing Partner at Entrepreneur Capital. www.hbheller.com About Entrepreneur Capital Entrepreneur Capital is a Montreal-based Private Equity firm that partners with entrepreneurs in the context of buyouts or ownership succession. Founded by successful entrepreneurs with deep transactional experience in working with small and medium sized businesses, Entrepreneur Capital aims to partner with established and well-managed businesses whose operating profits (EBITDA) are in excess of $3 million. As investors, we are not seeking to run the daily operations, but to provide strategic direction and support to our partners based on long-term goals of sustainable value creation. www.entrepreneurcapital.ca
Spencer Supports Canada Frequently Asked Questions (FAQ)
Where is Spencer Supports Canada's headquarters?
Spencer Supports Canada's headquarters is located at 175 Rue Passenger, Stanstead.
What is Spencer Supports Canada's latest funding round?
Spencer Supports Canada's latest funding round is Acq - Fin.
Who are the investors of Spencer Supports Canada?
Investors of Spencer Supports Canada include Entrepreneur Capital.