Massey Capital acquires Allturf Ltd.
INISFIL, ON May 15, 2018 – Massey Capital has acquired a controlling interest in Allturf Ltd. (“Allturf”).
Allturf has been owned by the Sheppard family since 1972 and has grown to be amongst Canada’s largest and most respected distributors in the turf business.
Paula and Cara Sheppard have owned and operated Allturf since purchasing it from their father, Paul Sheppard, in 2006. Ms. Sheppard said, “we have enjoyed so many great relationships, and such great support from so many people. The turf industry has been a part of our lives since we were kids. Our decision to sell was very difficult. Our suppliers have been incredible. Our customers have always been so supportive and loyal, and our staff have been the most dedicated group of people we could ever want. We are pleased to have found a buyer that shares our values. We are confident that Massey Capital, John [Alpaugh] and our great team will continue to operate our business in a way that makes us proud.”
The current General Manager, John Alpaugh, will assume the role as President. Paula Sheppard will stay on as an Advisor to the Allturf Board. All employees will remain in their current roles.
Massey Capital is a Toronto based firm with extensive experience in purchasing and operating small to mid-sized businesses in Canada.
Roman Kocur, Managing Partner of Massey Capital, said that “we have made an excellent long-term investment with a company that has great employees, excellent product lines and loyal customers”. Mr. Kocur said, “we look forward to working with current management and the entire staff, to grow the business for the long-run.”
Allturf specializes in the distribution of turf maintenance products (fungicides, herbicides, seed, nutrition, fertilizers, etc.) and related accessories primarily to the golf turf industry. Allturf predominantly services golf courses across Ontario, including the majority of the most renowned courses in the province.
About Massey Capital
Massey Capital is a Toronto based firm that invests for the long term in leading mid-market companies. Massey Capital’s mission is to work with management teams to help businesses achieve their full potential. Massey Capital currently has investments in leading distribution, manufacturing and business services companies.