Barbecue World Inc. raises financing and makes platform acquisition
Capital Canada Limited acted as financial advisor to Barbecue World, a new specialty retail chain, to raise financing and complete a platform acquisition Capital Canada Limited (“Capital Canada“) has successfully raised financing for Barbecue World Inc. (“Barbecue World”), a new specialty retail superstore chain selling barbecues and other outdoor living products and accessories. Barbecue World has also completed a platform acquisition of Ontario Gas BBQ, a 50,000+ square foot barbecue superstore located in Vaughan, Ontario considered to be the “World’s Largest Barbecue Store”. In addition to the acquired Vaughan store, Barbecue World will open two additional stores in the spring of 2016 in Whitby, Ontario and Ottawa, Ontario as part of its initial launch.
Capital Canada acted as financial advisor to Barbecue World with respect to the financing and acquisition transactions. Jack Steckel, Managing Director at Capital Canada, formulated the idea for the new concept following his prior retail success as creator of Golf Town and a founder Pro Hockey Life superstore chains.
Barbecue World superstores will combine high-level service from educated staff with the most complete selection of outdoor living products including barbecues, smokers, patio furniture and outdoor and indoor fireplaces. Features of the concept will include:
- A year-round one-stop-shop for all types of outdoor cooking, including a vast selection of accessories such as condiments, utensils, and various cooking fuels such as charcoal and wood pellets;
- Cooking classes, product demonstrations and other special events to attract passionate grilling enthusiasts;
- Competitive pricing with big-box competitors; and
- Comprehensive e-commerce website and delivery options for an easy, convenient shopping experience.
About Capital Canada Limited
Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.