Five19 Holdings Guelph, Ontario

Acquiring and growing
exceptional Canadian businesses.

A committed capital buyer focused on one great Canadian business.

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A long-term partner for Canadian business owners.

We are looking to acquire one great Canadian business. Not to flip it, not to hand it off to a management team, but to roll up our sleeves and run it for the long term. Five19 Holdings is backed by a group of successful entrepreneurs and operators with hands-on experience across manufacturing, distribution, logistics, industrial services, and commercial building services. We have committed capital ready to deploy.

Curtis McGrath, CPA

Curtis McGrath
Curtis McGrath
CPA  ·  Principal, Five19 Holdings
Origin Public Accounting
My career started in public accounting, advising and supporting small and medium-sized business owners across a range of industries.
Working directly with founders gave me a practical understanding of how real companies operate — the decisions that drive performance and the ones that keep owners up at night. That foundation shapes how I think about every business I look at today.
Operating Background High-Growth Start-up
Early in my career I relocated to Montreal to join a fast-growing biotechnology company. I stepped into a financial leadership role and worked closely across every function of the business.
In many ways it was a hands-on education in how businesses really operate. Working at the executive table in a small, fast-moving company meant being close to every function — operations, sales, HR, legal — and developing a real understanding of how each part connects. Biotechnology is an industry where nothing stays still. Regulatory shifts, funding cycles, and rapid pivots meant being adaptable was not optional.
Leadership Finance and Operations
I joined the executive leadership team, managing cash flow, leading capital raises, and driving strategic partnerships while building the operations and processes the company needed to scale.
Through that work I developed strong relationships with investors, lenders, lawyers, and advisors, and a track record of navigating complex processes with the right people around the table. Leading teams and contributing at the executive level through periods of significant challenge shaped a practical understanding of what it takes to run and grow a business.
Now Five19 Holdings
Five19 Holdings is the next step, bringing together everything built across accounting, operations, and leadership.
Through public accounting, a high-growth start-up, and a leadership role in a scaling Canadian company, I have built a broad base of experience across finance, operations, and people. Five19 Holdings brings that together with one focus: acquiring and operating one great Canadian business for the long term.

The people around the table

Five19 Holdings is supported by experienced entrepreneurs and operators who have built, bought, and run Canadian businesses. Their judgment shapes how we evaluate opportunities and how we operate after a close.

Jim Estill
Jim Estill
CEO, Danby Appliances

Jim started his first business selling computers out of the trunk of his car while in university. He grew this business into a technology distributor with $350 million in annual sales. After selling to SYNNEX, he ran SYNNEX Canada and took it to $2 billion in revenue. Today he is an owner-operator who buys and runs established Canadian businesses. He purchased Danby Appliances, a Guelph manufacturer founded in 1947, from the family that had owned it for decades and leads it as CEO, and has since added Arctic Snowplows and Valcom, acquired from its owners. In each case the approach is the same, buy a business the founders built, respect what works, and keep it growing.

Along the way Jim served 13 years as a founding director of Research In Motion (BlackBerry), and between SYNNEX and Danby spent several years as an investor, board member and advisor, backing more than 150 companies and writing two books on leadership and growth. At Danby he joined the board first, stepped in as CEO when the role came open, and bought the company two years later. Under his ownership it was revitalized in under three years, with a renewed focus on product innovation and a culture that encourages employees to experiment and think differently. Valcom, the most recent addition, continues to run as a stand-alone business under its own name and management team. Alongside his business career, Jim gives back extensively to his community and runs his companies on the principle of doing the right thing. He is a member of the Order of Canada and the Order of Ontario. Jim has done exactly what Five19 sets out to do: acquire family- and founder-owned Canadian businesses, run them hands-on, and build on what their owners created.

Involvements
Darryl Firsten
Darryl Firsten
Founder, The Commencement Group & IN8 Developments

Darryl grew up in his father's flower warehouse in Toronto, learning how product was bought, shipped, packaged and sold. As an engineering student he spotted an opportunity at a campus graduation, convinced the school to let him sell bouquets at the next ceremony, and built that into The Commencement Group, the leading graduation and commencement retailer in North America. Today he also partners with founder- and family-owned businesses to carry their legacies forward, most recently Hydrastone, a hot water tank maintenance specialist its founder built over more than 30 years.

The Commencement Group now serves more than 700 universities and colleges and thousands of high schools every year. It is a demanding operation: a compressed selling season, hundreds of venues across the U.S. and Canada, a workforce of travelling sales staff recruited and trained fresh each spring, and perishable inventory that has to be in the right place on the right morning. Running it built a deep, hands-on understanding of logistics, people and cash flow. As the business matured, Darryl began investing its proceeds in real estate, and what started as a side investment grew into a second full-time company, IN8 Developments, which he founded and leads, building high-density residential projects in Kitchener-Waterloo, Hamilton, London and Kingston. That led him to service and light manufacturing businesses that keep buildings running, and to Hydrastone, where the founder remains involved as an advisor and the long-time general manager became a partner, keeping the company and its people intact. For Five19, Darryl brings the perspective of someone who has both built an operating company from a single idea and partnered with a founder to carry theirs forward, and knows what it takes to run them well.

Involvements
Michael Watt
Michael Watt
Operating Advisor, Fengate

Michael is a professional engineer who spent his career building an environmental services business from the operating side. As Executive Vice President of the Environmental Division at Walker Industries in Niagara Falls, he sat on the Walker Executive Committee and led a group of 470 employees coast to coast in Canada, growing the division from $65 million to over $200 million in revenue. He is now an Operating Advisor at Fengate, where he serves as a Director of York1, one of Fengate's portfolio companies, and a Chair at TEC Canada, leading confidential peer advisory groups for CEOs and senior executives.

At Walker, Michael was responsible for a wide portfolio of businesses in the environmental field: composting, biosolids treatment, growing media from waste organics, grease trap and organics collection, alongside the traditional waste management services of landfill, waste transportation and logistics. Running that range of operations at once meant balancing capital-intensive infrastructure against day-to-day service work, and growing a business threefold while keeping a large, geographically dispersed workforce aligned. He specializes in business development, change management, and mergers and acquisitions. Since retiring from Walker he consults with a number of companies, serves on advisory boards, and is a TEC Canada Chair, leading two peer groups, one for CEOs and one for key executives. TEC Canada is a national executive coaching organization whose chairs convene confidential peer advisory groups where business leaders work through their real decisions together. For Five19, Michael brings the discipline of someone who has scaled an operating division inside a larger company, integrated acquisitions, and led people through change.

Involvements

What we offer a seller

01
Long-term focus
We are not private equity. We acquire businesses to operate and grow them for the long term — not to pursue short-term transactions or quick exits.
02
Legacy preservation
We protect the culture, employees, and reputation that owners have built and focus on strengthening what already works.
03
Hands-on leadership
We have experience leading teams, improving operations, and managing day-to-day execution in a growing company. This is not passive ownership.
04
Certainty of close
Equity is committed and available. We do not need to raise equity or get board approval to close a deal. Sellers can count on us to move with speed and certainty. Proof of funds available upon request.

Committed equity. No committee.

Five19 Holdings is backed by a group of experienced business operators who invest directly from their own balance sheets.

We have the money ready. There are no outside investors, no approvals needed, and no fundraising required. A responsible level of bank financing will also be used as part of the purchase. When we agree on terms, we can move quickly and close.

No investment committeeDecisions are made by the people putting in the money, not a board.
No fund timelinesWe are not a fund. There is no deadline, no outside pressure, and no plan to sell.
Committed equityThe money is in place. We are not raising funds while working toward a deal.
Bank financingA responsible level of bank financing is available and will be used as part of the transaction.
Proof of funds availableUpon request.

What we look for

Target Industries
Manufacturing Distribution Industrial Services Trade Services B2B Services
Geography
Canada
Business Profile
  • Annual EBITDA of $1.5M to $5M
  • History of profitability
  • Low customer concentration — under 15% from one customer
  • Non-commoditized products or services
  • Culture of quality and teamwork
  • Control transactions — succession and transition situations preferred

Straightforward and founder-friendly

01
Discovery
A confidential conversation about your goals, vision, and timeline. No pressure, no intermediaries.
02
Evaluation
We take the time to fully understand your business — its strengths, culture, and opportunities. We work to understand value, not just verify it.
03
Agreement
Transparent terms that reflect your goals. Diligence is efficient, minimally disruptive, and handled with care.
04
Transition
We work side by side with management to ensure a smooth handover that protects your people, customers, and legacy.

Let's have a conversation

If you are considering a transition, I would welcome a confidential conversation. There is no pressure and no obligation — just an open discussion about your goals.

Location Guelph, Ontario

Considering a transition? I would welcome a confidential conversation.

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