IMAP is pleased to announce that Capital West Partners – IMAP Canada has advised Thomas Skinner & Son (“Thomas Skinner”) on its sale to Regimen Equity Partners (“Regimen”).
Based in Richmond, BC, with four locations across Western Canada, Thomas Skinner is a leading distributor and service provider of industrial metalworking equipment, such as CNC and conventional machine tools, cutting tools, and precision measuring instruments, among others. Throughout its 118-year history, Thomas Skinner has built a strong reputation of providing affordable, specialty business solutions for major blue-chip manufacturers across various end markets.
Capital West Partners – IMAP Canada’s team in Vancouver acted as exclusive financial advisor to Thomas Skinner on this transaction and led a sales process that achieved maximum value for Thomas Skinner.
Regimen is a private equity firm based in Vancouver, BC, specializing in the ownership transition of small to mid-size Canadian organizations.
Paul Krainer, who took over the business in 1973, commented
“It’s with mixed emotions that Sylvia, Vincent, and I part ways with Thomas Skinner. The legacy and continuity of Thomas Skinner were of upmost importance to us as we embarked upon our succession. We are confident that the business is being left in the right hands.”
David Eisler, managing director at Regimen, added
“Thomas Skinner is a true Canadian success story and we are thrilled to be part of it. Machine tools represent a critical component of the overall economy, and we believe the market will continue to grow as companies look for reliable North American-based manufacturing and continue to invest in automation. This investment fits well with Regimen’s philosophy of investing in businesses that will continue to be around for generations to come.”