Established Air Conditioning and Heat Pump business changes ownership

An established Vancouver Island air conditioning and heat pump sales and installation business changed ownership for an aggregate purchase price of $450,000.00. Key aspects of the Share Purchase Agreement included the assignment of a commercial lease, adjustments for accounts receivables, and a small holdback to cover potential accounts payable. Velletta Pedersen Christie represented the Vendor in this transaction with a team led by business lawyer, Sankar Nair, who attended to revising, finalizing, and closing the Share Purchase Agreement and other ancillary documents.