Massey Capital acquires MSU Mississauga Ltd.
MISSISSAUGA, ON November 1, 2018 – Massey Capital has acquired a controlling interest in MSU Mississauga Ltd. (“MSU”).
Massey Capital is a Toronto based firm with extensive experience in purchasing and operating small to mid-sized businesses in Canada. MSU has been owned by the Weber/Junkin family since 1977 and has grown to be amongst Canada’s largest and most respected metal fabricators in the water, waste water and custom fab business.
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.”
Virginia and Steve Junkin have owned and operated MSU since purchasing it from Virginia’s father Robert Weber, in 1988. Virginia said, “We have enjoyed so many great relationships, and such great support from so many people and companies over the years. The aluminum and metal fabrication industry have been a part of our lives since we were given the opportunity to own and run it. 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, Jeff Stephen and our great team will continue to operate our business in a way that makes us proud.”
Roman Kocur will assume the role of President of MSU and Jeff Stephen will become the new General Manager. They will lead MSU and will retain all staff. MSU will operate out of its current location and in the same manner as its customer have become accustomed to.
For over 41 years, MSU has specialized in the custom fabrication and distribution of various products and related accessories primarily to the water, wastewater and the construction industry. The Company predominantly services these industries across Canada. MSU sets itself apart from its competition through its quality workmanship, customer service, product knowledge and design excellence, client experience and excellent reputation in the marketplace.
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.