We buy mid-market Canadian businesses
Open Equity Partners helps business owners transition their business through a thoughtful and open process.
About Us
Established in 2019, Open Equity Partners began looking to purchase a business from an owner seeking to retire and sell their entire stake or a portion of it. After over two years of searching, OEP made its first acquisition in 2021 by purchasing Northern Computer, one of the largest IT Managed Service Partners (MSPs) in Western Canada.
The original owner of Northern Computer had devoted years to carefully cultivating the company’s culture and establishing critical relationships with employees, customers and partners. Ensuring that Northern’s unique culture, team and core principles carried on to the next owner was of paramount importance to the previous owner. Given OEP’s deep operational roots we took on that challenge on with pride ensuring the transition to new owners was seamless for our employees & customers.
Since the acquisition of Northern Computer, Open Equity Partners has continued its focus on investing in the Canadian IT Service sector acquiring two additional MSP’s in Alberta - Syncsys and Compufix. Using Northern Computer as our platform to invest in the IT Service sector, Open Equity Partners continues to focus on finding, investing and integrating other MSP’s across Canada.
In addition to our investments in the IT Service sector, Open Equity Partners continues to look for additional investments in other industries. We are interested in investment opportunities that can provide the basis for long-term value creation. Our primary interest is in mid-market Canadian companies and do not restrict our investments to any specific industry.
Why partner with us
We are entrepreneurs at heart. Having started and sold a business of our own we know the ups and downs of selling your business.
We partner from Day 1: Transitioning a business to new owner is difficulty and requires collaboration and partnership.
We are operators - we love working with teams and rolling up our sleves
We think long term. We understand how long it take to build a business and want to be the right partners to carry on that legacy. We want to invest and build you company for years to come.
We will make the process simple & straightforward. We write term sheets & offers anyone can understand.
What we are looking for
There are many types of businesses for sale and determining where to invest capital and time is incredibly difficult. Open Equity Partners puts a tremendous amount of value on getting to know the people who make the businesses we evaluate successful.
In addition to looking for strong teams, OEP uses a variety of other criteria to help determine if an investment fits our criteria. Businesses we invest in are typically:
Based in Canada
B2B
Have between $2M - $10M of EBITDA
Have a proven track record of success
Have little customer concentration
Have high employee satisfaction scores
Strong and stable margins
When we make an investment in a business we are open to either purchasing the entire business (100%) or making a majority investment (51%+). If the business owner doesn’t want to sell their entire business, this can give them the opportunity to retain some equity, take some money off the table and partner with OEP on the next stage of their growth.
Our approach to due diligence and succession planning is straightforward and we are fully committed to ensuring the process is a positive experience for the owner and their teams.
Industries we are interested in
IT Services
Manufacturing
Business Services
Software & Technology
Distribution
Logistics & Transportation
Construction & Infrastructure Services
Food & Beverage
Previous Transactions
Team
Richard Hungerford
Partner
15 years experience in financial operating roles and private equity investing
HBA from Richard Ivey School of Business and CFA Charterholder
Director, Corporate Development at Belkorp Industries Inc; a family owned diversified investment company
Led the financial operations and international expansion of an apparel distribution company
Merchant banker at CIBC Capital Partners
Email: richard@openequitypartners.com
Stefan Krepiakevich
Partner
16 years experience buying & building companies
BSc. from Western University, & MBA from University of Toronto’s Rotman School of Management
Helped grow software company, Hootsuite, from 30 to more than 1,000 people
Involved in marketing, sales & professional services at Workbrain which grew to 700 people and IPO’d in 2003
Led successful acquisitions of 10 companies
Investment banker at Merrill Lynch
Email: stefan@openequitypartners.com