Despite the harsh winter — or perhaps because of it? — the firm’s Business Law Group, especially Barry H. Shapiro, has kept busy assisting businesses in deals and acquisitions.
- In January, Barry, assisted by Nicholas Martin, concluded the purchase and financing of an interest in a commercial and office strip-centre in Dorval, via the purchase of 50% of the outstanding shares of the corporation which owned the Centre. While this is not an ideal way to purchase commercial real estate, it was the only way to achieve a divorce between the existing co-shareholders, who had been feuding for several years.
- In March, with the assistance of articling student Anson Duran, Barry concluded the purchase of the business of Grandma Emily, a manufacturer and distributor of health-oriented snacks, cereals and bars. The purchaser is owned by entrepreneur Corey Eisenberg. All of the staff, major suppliers and customers continue with the brand Grandma Emily. The company intends to grow the brand into a nationally and internationally recognized brand name.
- Finally, also with Anson, Barry closed the sale of a 50% interest in a home furnishings distribution business where one partner bought out the other partners after a 28-year relationship. The sale included a transfer of insurance policies on the life of the individual that controlled the selling party.