They received a significant majority investment from SeaFort Capital, a Canadian private equity firm. This investment included Geo. H. Young & Co. Ltd. and GHY USA Inc. Winnipeg-based Jessiman Family Investments Inc. co-invested with SeaFort Capital.
GHY intends to continue its growth by completing acquisitions and investing in technology to promote a more accurate and streamlined trade compliance.
Facilitating succession objectives for future leadership
Richard Riess, Co-CEO of GHY, retained a significant equity investment in the company. For GHY, this transaction will facilitate succession objectives as they enter their 124th year of business and support existing leadership in this next chapter.
“We are excited to partner with the SeaFort team. With their support we will continue the growth and development of GHY.”
– Chris Bachinski, Co-CEO, GHY International
At a glance
- Jessiman Family Investments Inc. has holdings in public equities, real estate and a portfolio of private investments.
- SeaFort Capital is based in Halifax, Nova Scotia, and invests in Canadian businesses. This includes organizations in the business services, value-added distribution, specialty manufacturing and health services sectors.
Legal adviser to GHY International on the closing of this transaction
Partner: James Ferguson, K.C.
Associates: Yassir Alnaji, Pio Araneta, Desiree Katz
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