LATEST FIRM TRANSACTION

Astley Gilbert Completes Acquisition of its Shares from Founders Advantage Capital

September 30, 2019

Astley Gilbert Limited, a full-service print and imaging solutions provider, completed the purchase for cancellation of the 50% interest in its capital held by Founders Advantage Capital Corp., a TSX Venture Exchange listed investment issuer (TSXV:FCF), for an aggregate purchase price of $17 million.

Astley Gilbert has 13 locations across Ontario offering non-traditional digital printing and imaging solutions to over 6,000 active customers in a wide range of industries. Astley Gilbert has the largest market share for architectural, engineering and construction reproductive printing in Ontario and additionally provides digital print services, high-end brochures, variable data printing, large format graphic displays, online data storage and management solutions, warehousing and logistics and vehicle wraps.

Wildeboer Dellelce LLP acted as counsel to Astley Gilbert in connection with the transaction with a team that included Sanjeev Patel and Michael Rennie (corporate/mergers & acquisitions) and Katy Pitch and Marija Tasevska (tax).

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