CoBe Capital completes sale of AxiSource
Toronto, Ontario, Canada – CoBe Capital, a global private investment firm focused on the acquisition and management of non-core business units from large corporations, announced today that it has completed the sale of its portfolio company AxiSource. The holding company 1535633 Alberta Ltd., owned by an investment group, purchased the portfolio company. The financial terms of the transaction were not disclosed.
AxiSource is a Canadian business-to-business office supplies distribution company headquartered in Toronto that CoBe Capital originally acquired from Office Depot in 2009.
“We are very thankful of the hard work of AxiSource management. This marks an exciting new chapter for AxiSource,” said Neal Cohen, Founder and Managing Director at CoBe Capital.
About CoBe Capital
CoBe Capital, a global private investment firm with a permanent capital base and operations in North America and Europe, delivers M&A solutions to meet the specific needs of corporate sellers looking to divest non-core operations. CoBe Capital owns and operates a diversified portfolio of companies that design, manufacture and market innovative products and services. Each of its portfolio companies strives to achieve long-term growth based on lean and continuous improvement business philosophies. CoBe Capital was founded by Neal Cohen in 1994. For more information on CoBe Capital, please visit cobecapital.com.