Speyside Equity buys Shanahan's from Banyan, Yellow Point

U.S. private equity firm Speyside Equity has acquired Shanahan's Holdings Ltd, a Surrey, British Columbia-based manufacturer and distributor of hardware, hollow-metal doors and construction specialty products. No financial terms were released. The sellers were Canadian private equity firms Banyan Capital Partners and Yellow Point Equity Partners, which invested in Shanahan's in 2007 as part of an ownership transfer. Banyan is an affiliate of Connor, Clark & Lunn Financial Group. Yellow Point closed its fourth fund at $150 million in 2016. Speyside also announced its buy of McGregor & Thompson Hardware Ltd, a Vancouver maker of hardware, doors, frames and other products.

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