WelchGroup Consulting Provides Fairness Opinion on Privatization Transaction

WelchGroup Consulting Inc. (“WelchGroup”), a subsidiary of Welch LLP, is pleased to announce that it acted as an Independent Financial Advisor to the Special Committee to the Board of Directors of Dynex Power Inc. (TSXV: DNX), a leading, high power semiconductor company whose operations are in the United Kingdom, to provide a fairness opinion of the privatization transaction with Zhuzhou CRRC Times Electric Co., Ltd (“CRRC Times Electric”).

WelchGroup was selected a part of a competitive process for the engagement, whereby CRRC Times Electric, or one of its affiliates, will acquire all the DNX’s common shares that it does not already own for $0.65 per share in cash. CRRC Times Electric currently holds approximately 75% of the issued and outstanding common shares in the capital of DNX.

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About WelchGroup

WelchGroup is an advisory firm that helps companies understand, build, and capture value.

Our clients value our seamless and integrated approach – leveraging our global network of professionals who are skilled in multiple disciplines – to help them make informed decisions, improve operational performance, and maximize company value.

As we celebrate 100 years in business, we continue to seek opportunities to enhance the services we provide.

For more information on WelchGroup, please contact Adam C. Nihmey, Managing Director at anihmey@w-group.com or visit https://w-group.com.

WelchGroup Consulting Announces the Recapitalization and Sale of GAL Power Systems Ltd. to Florida-based Private Equity Firm, Trivest Partners.

WelchGroup Consulting Announces the Recapitalization and Sale of GAL Power Systems Ltd. to Florida-based Private Equity Firm, Trivest Partners.

WelchGroup Consulting (“WelchGroup”), a subsidiary of Welch LLP, is pleased to announce that it acted as the exclusive M&A Advisor to GAL Power Systems (“GAL Power”), an Ottawa-based leader in providing critical power and temperature control solutions in North America, on its sale to Florida-based Private Equity firm, Trivest Partners (“Trivest”).
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WelchGroup advised Deslaurier Custom Cabinets with sale to Cyril Leeder, Bernie Ashe, James Maxwell and more

WelchGroup advised Deslaurier Custom Cabinets with sale to Cyril Leeder, Bernie Ashe, James Maxwell and more

OTTAWA, July 16, 2018 – WelchGroup Consulting, a subsidiary of Welch LLP, served as the exclusive financial advisor to Deslaurier Custom Cabinets (DCC), Ottawa’s leading manufacturer of custom cabinetry, in connection with the sale to a local shareholder group.

The new group of DCC shareholders includes:

  • James Maxwell, Entrepreneur and CEO of Investment Partners Group
  • Cyril Leeder, former President and co-founder of the Ottawa Senators
  • Bernie Ashe, former CEO of Ottawa Sports & Entertainment Group (OSEG) and KOTT Group
  • Mike Deslaurier, son of company Founder Jim Deslaurier and DCC’s current Director of Operations
  • Tyler Leeder, CPA and most recently of Deloitte’s Ottawa office

With an established network of over 30 dealers across Ontario, Deslaurier has numerous opportunities for continued growth which will be supported by the new management team.

The terms of the transaction were not disclosed.

About Deslaurier Custom Cabinets

For more than 35 years, Deslaurier Custom Cabinets has been the leader in the design, manufacturing, installation and servicing of cabinetry in Ottawa and surrounding areas. The company operates effectively in a number of business channels that include some of the region’s top, award winning builders and renovators and a dealer network that represents the Deslaurier brand throughout Ontario. In addition, the company has a highly trained professional design team that deals directly with home owners on their new or renovated kitchens. The company operates its manufacturing plant in Renfrew and has showrooms in Ottawa (Baxter Road) and Renfrew.

For more information, visit https://deslaurier.ca

About James Maxwell

James was a successful entrepreneur in automotive distribution and is currently a professional investor in retail, corporate furniture sales, water management, financial management and land development.

About Cyril Leeder

Cyril Leeder is a successful prominent Ottawa businessman who was one of the founders of the Ottawa Senators Hockey Club, serving as their President and COO for more than 15 years. He has been an active member of the Ottawa business community for over 35 years.

About Bernie Ashe

Bernie is a successful Ottawa businessman, was the CEO of three companies: AiT, KOTT Group and most recently the Ottawa Sports and Entertainment Group (OSEG).

About WelchGroup Consulting Inc.

WelchGroup Consulting Inc. is a corporate finance and business advisory firm. For more information on WelchGroup Consulting, please contact Stephan May at smay@w-group.com or visit https://w-group.com

For more information click the following links:

Inside Ottawa Valley   Ottawa Citizen   Ottawa Business Journal

Welchgroup Consulting Acquires Capacity Financial

Welchgroup Consulting Acquires Capacity Financial

OTTAWA, ON – July 4, 2018 – WelchGroup Consulting is excited to announce that it has acquired Capacity Financial Consulting Inc., a local boutique professional services firm providing business valuations, financial consulting and transaction advisory services to both the private and public sector. Through this acquisition, WelchGroup Consulting will welcome Adam Nihmey, CFA, CBV, as our Managing Director of Valuation and Litigation Support.
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WelchGroup advised Standard Innovation Corporation with their sale to Womanizer

WelchGroup advised Standard Innovation Corporation with their sale to WomanizerOTTAWA, June 5, 2018 /CNW/ – WelchGroup Consulting, a subsidiary of Welch LLP, served as the financial advisor to Standard Innovation Corporation, the manufacturer of the world’s number one vibrator for couples, We-Vibe®, in connection with the sale to Womanizer, Europe’s leading manufacturer of intimate stimulation devices.

The combined entity will capitalize on their unique and respective strengths – including an extensive product portfolio, great innovations in technology, and a well-developed global distribution network, thus positioning them as a global powerhouse in the sexual wellness industry.

The terms of the transaction were not disclosed.
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The Rideau Tennis Club has been acquired and will become the Rideau Sports Centre

Ottawa, ON (August 1 2017)

WelchGroup Consulting, a wholly-owned subsidiary of Welch LLP, served as the exclusive financial advisor to Nicki Bridgland, CEO of the new Rideau Sports Centre (RSC). Bridgland is also the CEO and Founder of the Ottawa Sports and Social Club (OSSC), which operates sport leagues, tournament and social events for approximately 10,000 weekly players.

Located on the banks of the Rideau River with breathtaking views, the RSC will become a first class multi-sport recreation facility for the residents of Ottawa. The clubhouse will house a new restaurant with multiple patios, and also a wellness centre.
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