Chair-man Mills is a provider of flooring, stages, dance floors, and tabletop rentals (specialty linens, china and tabletop accessories) to the special events industry. Chair-man Mills was founded in 1911 by William Mills who became known as “Mills…the Chair-man” after providing chairs and tables to Canadian private homes, clubs and organizations. Since founding, the business has grown to become Canada’s largest party rental firm. Chair-man Mills is based in Toronto (www.chairmanmills.com).
“We are very pleased with this platform investment and look forward to growing the Chair-man Mills business organically and through acquisition. We believe this will be the first of numerous acquisition opportunities in the fragmented event rental industry,” said Douglas Buchanan, Managing Director of Granite Partners.
Granite Partners is a Canadian private equity firm that acquires manufacturing and service companies with sales of $10 million to $100 million. Granite Partners is led by Douglas Buchanan, a principal investor with over 20 years of banking, corporate finance and M&A experience. The firm is headquartered in Toronto and is currently investing out of its second private equity fund, Granite Partners II L.P. (www.granitepartners.ca).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-17-13