Canadian company strikes hot deal for Birmingham manufacturer

Decisive Dividend Corporation (DDC) has acquired 100% of ACR Heat Products, a Birmingham-based manufacturer of wood burning, gas and electric stoves.

DDC is a listed Canadian company whose shares are traded on the TSX Venture Exchange.

The business is focused on acquiring market-leading, profitable and high-quality manufacturing companies. The acquisition of ACR is complementary to DDC’s existing platform company, Blaze King, which operates across North America.

Tony Ryan, chairman of ACR, said: “ACR has a rich history, and I am proud of what we have achieved since we started over 30 years ago. We are excited to watch how the business can continue to grow under the ownership of DDC. It was a pleasure to work with DDC throughout the process – their strong values, principled approach and focus on continuing to develop innovative products were key factors in deciding to partner with DDC. I would also like to thank the commitment and dedication of the Heligan Corporate Finance team, we could not have delivered this deal without them.”

Colin Strevens, partner at Heligan Group, said: “It has been a genuine delight to work on this cross-border deal. The team are right to be proud of their achievements and Heligan is pleased to have assisted in this particular phase of their journey. ACR is well-managed, highly profitable with a clear succession plan and these characteristics continue to appeal to overseas acquirers.”

Advisors to ACR:
Colin Strevens, Matt Croker and Alex Neale of Heligan Group (Corporate Finance) and Clare Lang and Matthew Allen of MFG (Legal).

Advisors to DDC:
Higgs (Legal), MLT Aikins (Legal) and Mazars (Financial and Tax due diligence).