Private BC corporation completes purchase of shares in Vancouver Island heavy equipment rental company

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Buying and Selling a Business, Mergers and Acquisitions, Corporate and Business Financing

An established Vancouver Island heavy equipment rental company changed ownership for an aggregate purchase price of $560,000.00. Key aspects of the Share Purchase Agreement included a holdback to discharge 13 PPSA charges and strong representations and warranties to cover potential tax liabilities. Velletta Pedersen Christie represented the Purchaser in this transaction with a team led by Sankar Nair, who attended to full due diligence and drafting, revising, and closing the Share Purchase Agreement and other corporate closing documents.