WelchGroup advised Deslaurier Custom Cabinets with sale to Cyril Leeder, Bernie Ashe, James Maxwell and more
OTTAWA, July 16, 2018 – WelchGroup Consulting, a subsidiary of Welch LLP, served as the exclusive financial advisor to Deslaurier Custom Cabinets (DCC), Ottawa’s leading manufacturer of custom cabinetry, in connection with the sale to a local shareholder group.
The new group of DCC shareholders includes:
- James Maxwell, Entrepreneur and CEO of Investment Partners Group
- Cyril Leeder, former President and co-founder of the Ottawa Senators
- Bernie Ashe, former CEO of Ottawa Sports & Entertainment Group (OSEG) and KOTT Group
- Mike Deslaurier, son of company Founder Jim Deslaurier and DCC’s current Director of Operations
- Tyler Leeder, CPA and most recently of Deloitte’s Ottawa office
With an established network of over 30 dealers across Ontario, Deslaurier has numerous opportunities for continued growth which will be supported by the new management team.
The terms of the transaction were not disclosed.
About Deslaurier Custom Cabinets
For more than 35 years, Deslaurier Custom Cabinets has been the leader in the design, manufacturing, installation and servicing of cabinetry in Ottawa and surrounding areas. The company operates effectively in a number of business channels that include some of the region’s top, award winning builders and renovators and a dealer network that represents the Deslaurier brand throughout Ontario. In addition, the company has a highly trained professional design team that deals directly with home owners on their new or renovated kitchens. The company operates its manufacturing plant in Renfrew and has showrooms in Ottawa (Baxter Road) and Renfrew.
For more information, visit https://deslaurier.ca
About James Maxwell
James was a successful entrepreneur in automotive distribution and is currently a professional investor in retail, corporate furniture sales, water management, financial management and land development.
About Cyril Leeder
Cyril Leeder is a successful prominent Ottawa businessman who was one of the founders of the Ottawa Senators Hockey Club, serving as their President and COO for more than 15 years. He has been an active member of the Ottawa business community for over 35 years.
About Bernie Ashe
Bernie is a successful Ottawa businessman, was the CEO of three companies: AiT, KOTT Group and most recently the Ottawa Sports and Entertainment Group (OSEG).
About WelchGroup Consulting Inc.
WelchGroup Consulting Inc. is a corporate finance and business advisory firm. For more information on WelchGroup Consulting, please contact Stephan May at [email protected] or visit http://w-group.com
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