Neptune

Investment date : February 2008

Sold to management in 2015

Designs, manufactures and distributes a full suite of high-end bathroom fixtures in Canada and the U.S., with a primary focus on the renovation market.

Business description

  • Design, manufacture and distribute a full suite of high-end bathroom fixtures in Canada and the U.S., with a primary focus on the renovation market
  • Products sold through growing list of boutique stores as well as through general contractors

Investment rationale

  • Significant operating leverage to be achieved from existing manufacturing facility which is currently running at 50% of capacity
  • Target of high-end consumers combined with focus on the renovation market somewhat isolates the company from the housing and credit market woes
  • Strong brand name in Quebec, with a growing presence in the rest of Canada and the U.S.
  • Represents a strong platform to consolidate independent bathroom fixture manufacturers
  • Goal is to consolidate market to position the company for the next strong economic cycle

Value creation opportunities

  • Recruited president & CEO with a proven track record as a senior executive at the company’s largest Canadian competitor to drive domestic and international growth
  • Market consolidation by acquiring direct competitors as well as those companies with complementary product offerings
  • Penetration of $2 billion U.S. market is primary objective to be achieved through expansion of U.S. sales effort led by CEO’s extensive U.S. network

Investment partners

  • Founders
  • Private investors
  • Management
  • Fondaction

Website : http://www.produitsneptune.com/en/

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TÉMOIGAGES

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Testimonial 03 - Ceo

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Testimonial 02 - Ceo

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Testimonial 01 - Ceo