OCEAN SALES

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COMPANY PROFILE

Ocean Sales is dedicated to bringing quality, innovative household products to consumers. It sells its products through live demonstrations at leading consumer shows and fairs across the country. It also demonstrates specially selected products from its lineup through Road Show Special Events within Costco Wholesale stores nationwide.

Financial Metrics

  Purchase Price $9.5mm
  Purchase Date January 1, 2018
  WIC Ownership 75%
  Annual Management Fee $100,000

Industry

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Distribution & Retail

Investment Thesis

  • Diversified product line with low fixed cost requirements.
  • Scalable business model without significant capex spend.
  • Expansion into the USA presents significant growth opportunities for the company.
  • Attractive valuation results in strong expected returns with modest leverage.
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“My family and I are very happy to have found a partner that is focused on investing in Western Canadian business success stories like ours. We are very proud of what we have built, and are determined to set the stage for significant growth in the future. The reputation and business track record of Western’s founders was a big factor in our decision to establish this partnership.”

George McBride, Founder