Richelieu Hardware Ltd.

Richelieu Hardware Ltd.

Richelieu Hardware Ltd.

Overview
Date Founded

1968

Headquarters

7900 Henri-Bourassa Boulevard West,Montréal, QC H4S 1V4

Type of Company

Public

Employees (Worldwide)

2,100

Industries

Wholesale: Consumer Durables
Retail: Home Improvement

Company Description

Richelieu Hardware Ltd. engages in business as an importer, distributor, and manufacture of specialty hardware, and complementary products. Its product categories includes decorative hardware, screws and fasteners, general hardware, furniture equipment, hinges, slides and opening systems, kitchen and bathroom accessories, closet and storage, lighting hardware and accessories, sinks, wash basins and faucets, office accessories, glass hardware, commercial display hardware, surfaces, panels and edge banding, custom-made cabinet doors and drawers, moldings, corbels and wood components, glues, silicones and caulking, tools and shop supplies, abrasive and finishing products, and builders' hardware. The company was founded on September 16, 1968 and is headquartered in Montréal, Canada.

Executives & Employees

President & Chief Executive Officer

Vice President & Chief Financial Officer

Vice President & General Manager, United States

General Manager of Divisions

General Manager, Central Canada

General Manager, Western Canada & Western USA

Head-Investor Relations

Vice President, Supply Chain & Logistics

Vice President, Human Resources

Vice President-Business Development, Retailers Market, Canada

Board of Directors

Former Chairman & Chief Executive Officer at Fédération des caisses Desjardins du Québec

Chief Executive Officer at Altus Group Ltd.

Former President & Chief Executive Officer at Le Groupe Pomerleau, Inc.

President & Chief Executive Officer at Montreal Port Authority

Former President & Chief Executive Officer at Empire Co., Ltd.

Former Senior Vice President-Corporate Finance at Richter Advisory Group, Inc.

President & Chief Executive Officer at Richelieu Hardware Ltd.

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Owners & Shareholders
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Mawer Investment Management (MIM) employs a systematic, disciplined, bottom-up, long-term investment approach. The firm seeks to achieve value-added returns through careful security selection and asset allocation on fundamental analysis of securities. MIM seeks to identify excellent companies with sustainable competitive advantages, regardless of industry or economic conditions, and to invest in these companies when they are trading at a discount to their intrinsic value. The firm provides in-house management of investments across all major asset including: International Equity, US Equity, Global Equity, Global Small-Cap Equity, Large-Cap Canadian Equity, Small-Cap Canadian Equity, Balanced, Tax Effective Balanced, Global Balanced, Global Bonds, Canadian Bonds, and Canadian Money Market.

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Aberdeen Asset Management's (AAMI) provides clients with discretionary and non-discretionary asset management and related services across a broad range of investment strategies and asset classes. They focus on the active management of financial assets, using proprietary research to make investment decisions. Active investment spans equities, fixed income securities, and property. AAMI also offers an alternatives platform, which encompasses multi-manager research, selection and portfolio management for hedge-fund strategies, private equity and debt, property and other real asset investments, along with direct investments in infrastructure projects. In addition, AAMI offers an Asset Manager Minority Investments strategy, which is a direct private equity strategy with a focus on acquiring minority equity interests in alternative asset managers. This team operates as Bonaccord Capital Partners. AAMI may serve as a manager-of-managers, hiring sub-advisors to provide day-today securities selection. AAMI's investment expertise is delivered through both segregated and pooled products. The firm offers investment advisory services with regard to investments in both domestic and global securities to a variety of clients, insurance products, and pooled funds, including investment companies registered under the 1940 Act.AAMI believes, given the inefficiency of markets, that competitive long-term returns are best achieved by identifying high quality stocks at attractive valuations and holding them for the long-term. It is also their belief that sound fundamentals drive stock prices over time. The firm employs a fundamental bottom-up investment approach based on a rigorous and disciplined proprietary research effort which originates with direct company due diligence visits. AAMI holds absolute return to be of utmost importance over the long-term and is benchmark-aware, but not benchmark-driven. This benchmark independent approach is based on the belief that indices do not provide meaningful guidance to the prospects of a company or its inherent worth. AAMI does not equate the quality of a company with either market capitalization or index membership. As such, indices do not serve as a starting point for portfolio construction and AAMI is comfortable taking decisive positions away from the benchmark.

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Van Berkom & Associates (VBA) manages small-cap stock portfolios for large Canadian and U.S. pension funds, corporations, foundations and high-net worth clients on a segregated basis. The firm specializes in managing portfolios of U.S. and Canadian Small-Cap Equities. They look for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, a clearly defined strategy for long-term growth and conservative accounting methods. VBA also looks for companies with an important franchise, a significant market share, a global reach and a unique product or service. Companies should be gaining market share in a fragmented industry. Additional financial criteria include: projected long-term EPS growth greater than 15%, high return on equity, a strong balance sheet, adequate size and strong cash flow generation. While the firm generally prefers to invest in non-cyclical industries, they may also consider investments in companies that can grow their asset base in the resource and cyclical sectors and generate a reasonable return on invested capital and shareholders' equity.VBA's research process focuses on fundamental analysis. Part of their research effort considers the economic cycle and the identification of the secular trends of the future. Most of their efforts center on the identification and analysis of individual companies that are prepared for the economic and secular trends of the future. The firm emphasizes bottom-up analysis to identify high-quality, undervalued companies.

Recent Transactions
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Richelieu Hardware Ltd. purchases Cabinet & Top Supply, Inc.

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Richelieu Hardware Ltd. purchases Tamarack Distributors, Inc.

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Richelieu Hardware Ltd. purchases Weston Premium Woods, Inc.

Transaction Advisors
Accountant

Advised onRichelieu Hardware Ltd. purchases Nystrom Group

Key Stats and Financials As of 2017
Market Capitalization
$1.46B
Total Enterprise Value
$1.96B
Earnings Per Share
$1.17
Revenue
$943M
Net Profit
$67.7M
EBITDA
$102M
EBITDAMargin
10.83%
Total Debt
$0
Total Equity
$438M
Enterprise Value Sales
2.08x
Enterprise Value EBITDAOperating
19.21x
TEVNet Income
28.96x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
13.37%
Five Year Compounded Annual Growth Rate Of Revenue
10.75%