Mill Street & Co. acquires Parliament Building Supplies

November 11, 2016

On November 11, 2016, Mill Street & Co. announced the acquisition of Janeric Engineering dba Parliament Building Supplies (“Parliament”).

Strategically located in downtown Toronto, Parliament has become a mission critical supplier of lumber and building supplies to Toronto’s residential, commercial and industrial builders, contractors, and homeowners. Parliament will join Speed Fastening Systems and Uxport Tools to become part of Mill Street’s Fastway Group of companies. Parliament will expand the group’s product offering and provide a key strategic location for serving the on-demand requirements of the city’s construction companies and trades.

Mill Street & Co. is a diversified investment company committed to creating sustainable, long-term growth through the intelligent application and management of capital, investing primarily by purchasing equity positions in private and public companies.

Miller Thomson was counsel to Parliament in this transaction with a team that included Richard Leblanc and Ethan Campbell.