Massey Capital acquires M.K. Rittenhouse & Sons Ltd.

October 1, 2018 Press Release

ST.CATHARINES, ON  October 1, 2018 – Massey Capital has acquired a controlling interest in (“M.K. Rittenhouse” or the “Company”).

M.K. Rittenhouse, a multi-generational business established in 1914, has grown over the years from a specialty sprayer manufacturer to a distributor of high-quality hard goods and accessories to the green industry throughout North America.

From modest beginnings building sprayers in a barn in Jordan Station, ON, to five locations throughout North America distributing over 70 brands and approximately 13,000 SKUs, the name Rittenhouse has become synonymous with quality and service in the green industry. In 1985, the current shareholders, Mark and Wendy Rittenhouse, became involved in the business and have since added to the Rittenhouse legacy by building the Company into an industry leader in B2B distribution through an e-commerce platform.

Mark and Wendy Rittenhouse will participate in the transition phase post-acquisition and Mark Rittenhouse will also assume the role of Strategic Advisor to the Board, continuing to help define the strategic direction of M.K. Rittenhouse. All employees will remain in their current roles.

Wendy Rittenhouse commented that, “Preserving the Rittenhouse legacy and ensuring that our staff were well taken care of was very important to us and, as such, finding the right buyer was key to the transaction. We felt Massey Capital was a great fit for the Company and are confident they will continue the Rittenhouse legacy.”

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, “we have made a long-term investment in a 100+ year old Canadian industry leader that has an outstanding team, excellent customer service and a diverse customer base. We are excited to add the capabilities of Massey Capital to support the Company’s exceptional growth opportunities.”

About M.K. Rittenhouse

M.K. Rittenhouse specializes in the manufacture of spraying equipment and the distribution of green industry equipment and related accessories to an array of industries including horticulture, agriculture and professional lawn care. Today, the Company distributes over 70 brands and approximately 13,000 SKU’s from facilities located in Canada and the United States

About Massey Capital

Massey Capital is a Toronto based firm that acquires leading lower mid-market companies in Canada, defined as businesses with annual EBITDA less than $4.0 million. Our mission is to deliver hands-on strategic, operational, M&A, business development and financial expertise that management teams in the lower mid-market rarely have access to. Our founding principles – Leadership, Partnership & Innovation – form the basis of an operating model that continues to earn stellar testimonials from management teams across Canada.