Charlottetown, PE: We are pleased to announce that previous owners, Wade and Janet Clements, have sold Mallard Painting to Marshall and Glynn Thomas, effective March 20, 2023, in a deal facilitated by Confederation M&A, a mergers & acquisition firm with offices in Charlottetown, Fredericton, Halifax and Ottawa.
Wade has been working in the painting industry on PEI for over 32 years when he and Janet established Mallard Painting in 1991. The business offers commercial and residential painting services, interior painting, exterior painting, seam filling, staining, wallcovering (including vinyl), painting historic properties (especially lighthouses), DC315-certified fireproof painting and DC 5040 certified fireproof painting.
“Janet and I are thrilled that Marshall and Glynn will be taking over the business that we’ve built over many years,” shared Wade. “We have been fortunate to own and operate a business with many long-standing and loyal customers and a great team of employees. I know that they will all be in good hands with the experience and dedication that Marshall and Glynn will bring to the business.”
Marshall has been working in the construction industry for 13 years and looks forward to continuing to deliver the high-quality service customers have come to know from Mallards. “Wade and Janet should be very proud of building a very successful, professional painting business here in PEI,” said Marshall. “Working in the construction industry in PEI, I was aware of Mallard Painting’s reputation in the province and the high-quality work they do, along with the business’s professional approach that the entire team brings when providing painting services. I look forward to connecting with the wide network of clientele that the business has developed over the last 30+ years.”
Confederation M&A is a team of highly experienced mergers & acquisitions advisors with offices in Prince Edward Island, New Brunswick, Nova Scotia and Ontario. They’re the leading M&A firm in the region serving a diverse range of clients across a wide range of industries. They work confidentially and in unison with accounting, valuation, and tax specialists to find the best possible solutions to help entrepreneurs achieve their buying and selling needs. Visit www.confederationgroup.ca to learn more.
Senior Advisor, Confederation M&A
Telephone: (902) 368-2317