Founders Advantage Capital closes acquisition of 50% of Astley Gilbert

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By Ted Liu

Founders Advantage Capital Corp. (TSX-V: FCF) has closed its previously announced acquisition of a 50% interest in Astley Gilbert Limited for $24.7 million.

On closing of the transaction, the board of directors of Astley Gilbert was comprised of Wayne Wilbur, Ari Yakobson, Stephen Reid, James Bell and Amar Leekha.

Astley Gilbert, founded in 1970, has 13 locations across Ontario offering non-traditional digital printing and imaging solutions to over 6,000 active customers in a wide range of industries.

Astley Gilbert has enjoyed significant organic as well as acquisition growth and has become a consolidator in the industry with the largest market share for architectural, engineering and construction (AEC) reproductive printing in Ontario. Astley Gilbert’s clients include some of the largest AEC firms in Ontario and Astley Gilbert’s solutions are used in key infrastructure projects across Ontario. From airports to transit lines to commercial buildings, Astley Gilbert is the leading provider of drawings to all industry participants.

In addition to its AEC solutions, Astley Gilbert provides digital print services, high-end brochures, variable data printing, large format graphic displays, online data storage and management solutions, warehousing and logistics and vehicle wraps. Astley Gilbert’s customers include some of the largest retailers and product manufacturers in the country, which entities require various imaging services including in-store displays, signage and marketing materials.

photo credit: Astley Gilbert Limited