Press Release | Richter acted as exclusive seller and tax advisor to Cerco Cable

April 2024 – Richter acted as exclusive seller and tax advisor to Cerco Cable Canada Inc. and 2881403 Canada Inc. (jointly “Cerco”), a leading Canadian distributor of low-voltage and specialty cables, in the context of the acquisition of Cerco by DNA Partners, a leading Quebec-based private equity firm.

This transaction was led by Joe Lo Dico and Ben Campagnale, and supported by Jenna Schwartz and Sarah Benammar, tax advisors, and Michael Corber as shareholder advisor. Richter would like to congratulate Daniel Gauthier, Jean-Sébastien Nicol, and the entire Cerco team, and wishes continued success to Cerco and DNA Partners.

About Richter

Richter is a Business | Family Office that provides strategic advice on business matters and on families’ financial and personal objectives across generations. With close to 100 years of experience advising at the intersection of family and business, Richter has developed an integrated approach to help business owners find sustainable success. Whether business, personal, or both, Richter is uniquely positioned to address the needs of Canada’s most successful entrepreneurs, private clients, business owners and business families and help them chart a clear path to shape their legacy for the future. Founded in 1926, Richter’s 600-person multidisciplinary team continuously innovates to create value for our people, clients, and community in Canada and in the US.

About Cerco

Founded in 1978 and based in Montreal, Quebec, Cerco is a leading Canadian distributor of low-voltage and specialty cables across the Canadian market out of two facilities located in Montreal, Quebec and Mississauga, Ontario. Cables are sold primarily for industrial, commercial, institutional, and transit applications.

For more information, visit https://www.cercocable.com/

About DNA Partners

DNA Partners is redefining the private equity landscape in Quebec. As a collective of passionate entrepreneurs, seasoned operators, CEOs, and financial experts, DNA Partners brings a wealth of experience and knowledge to the table. Their mission is to support the next generation of market leaders with capital and operational expertise, to help them realize their full business potential. DNA Partners is looking for ambitious management teams with a clear growth vision and looking for a true partner to achieve their goal of becoming a market leader. Acting as minority or majority shareholders, they target companies across multiple industries and look to invest $10-25 million per transaction.

For more information, visit https://dnacapital.ca/en/partners/overview/