Lavery has had the privilege of assisting Thermos Rive Nord, a fast-growing Quebec-based business, during a pivotal phase in its development—it has optimized its management structure, marking a new chapter in its history.
Thermos Rive-Nord Inc. specializes in manufacturing glass products tailored to the needs of its clientele, which includes door and window manufacturers, local glazing companies and replacement specialists.
Lavery acted as legal counsel to the buyer, Jean-Sébastien Basilico, in this strategic transaction, guiding him through every step of the process. In particular, the Lavery team structured the transaction in the most optimal manner possible, negotiated key agreements and coordinated all legal aspects.
The transaction was unique in that it had particularly tight deadlines, a complex transaction structure and financial and legal issues requiring swift execution and close coordination between the various stakeholders. In this context, the Lavery team showed how agile and precise it can be by anticipating risks, proposing pragmatic solutions and maintaining a high level of control throughout the process.
The transaction was closed successfully, ensuring the business’s continued operation and favourably positioning it for future growth. It will benefit both employees and customers, and it has laid the groundwork for the company’s long-term operability.