TORONTO, ONTARIO, Q1, 2019

Clariti Strategic Advisors™ (“Clariti”) are pleased to have supported Argyle Capital Partners Inc. (“Argyle”) on their successful acquisition of a high value-added regional Ontario-based steel distribution business. Argyle, with their unique approach to seeking out businesses that offer strong forward-looking value-creation opportunities for their stakeholders, sourced this opportunity in the late summer of 2018, and tenaciously saw it through with a commitment to the employees and stakeholders of the business, while keeping a keen eye on the opportunity to create and enhance value for the future owners of the business.

The acquisition closed in the first quarter of 2019 and was funded by debt provided by an Argyle strategic partner as well as equity, provided alongside Argyle, by a group of quasi-institutional investors who saw Argyle’s vision for this business and its prospects.

Clariti provided strategic, financial, structuring and capital markets advice to Argyle on this unique acquisition. Neil Mohammed, co-founder of Argyle, said: “The Clariti team were uniquely indispensable to us. We are thrilled with the support we received from Rahul and Bruce, and we will work with them whenever the opportunity presents itself. They are real partners who truly have their clients’ best interests at heart.” Mark MacPherson, co-founder of Argyle added: “We could not have brought this deal over the finish line without the guidance, counsel and support of the Clariti team. They were essential to us.”