Massey Capital acquires Standard Metal Hardware Manufacturing Ltd.
ETOBICOKE, ON April 15, 2019 – Massey Capital has acquired a controlling interest in Standard Metal Hardware Manufacturing Ltd. (“Standard Metal”).
Serge Toteda stated, “The Toteda family gave long and careful consideration to this decision, and in the end we were convinced that this succession plan was the right decision for our family and for the company. Massey Capital shares the values upon which Standard Metal was founded more than 30 years ago: producing quality products, innovation and outstanding customer service.”
Massey Capital is a family office based in Toronto, whose mission is to provide strong leadership and innovation to take businesses to the next level. From a management perspective, Standard Metal will now have access to a substantially greater pool of resources. Its team is led by Roman Kocur, Scott Newhouse and Adam Bortolussi, three veteran Canadian business leaders, who have for several decades delivered strategic, operational and business development expertise to Canadian companies in the mid-market space.
Adam Bortolussi from Massey Capital will assume the role of President & General Manager of Standard Metal. Every employee will continue in his/her current role with the assurance that there will be no impact to their position within the company.
About Standard Metal
Standard Metal was founded in 1989 and during its 30 year operating history, Standard Metal has worked closely with architects and designers to produce some of the most intricate and visually appealing architectural door hardware available in the Canadian market. Standard Metal is a manufacturer of custom and general door solutions that combine modern designs with quality materials. Standard Metal offers a vast product line including: commercial & designer door pulls, flush bolts, roller latches, grab bars, kick places, corner guards, hooks and door stops.
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.