Charlottetown, PE: We are pleased to announce that owner, John Scales, has sold Phillips Agri Services (“Phillips”) to PEI Agromart in a deal facilitated by Confederation M&A, a mergers & acquisition firm with offices in Charlottetown, Fredericton, Halifax and Ottawa.
Phillips offers a wide range of agricultural products to meet the needs of PEI farm operations including livestock feed, forage and cover crop seed, crop protectants and many other farm supplies. Phillips is located at 18 Exhibition Drive in Charlottetown where they have a retail store with product offerings to serve the agricultural community. The business was started by the Phillips family in 1970 and was purchased by the Scales family in 1990.
“Phillips is a long-standing Prince Edward Island business operating for over 50 years,” shared John. “I am proud to have owned and operated Phillips for many years. I am grateful for the many loyal employees who have been with me for a considerable length of time at Phillips; much of the business’s success can be attributed to the devoted staff. I also express my sincere appreciation to the many long-standing and loyal customers over the years. The team at PEI Agromart is an ideal fit for Phillips; their passion and drive to help the Prince Edward Island agricultural industry is evident in all that they do. In addition, there are numerous well-established relationships and synergies in place between the two companies.”
PEI Agromart is led by Andrew Robinson, Stephen Dawson, and Doug Dawson, along with their partners Sollio Agriculture. PEI Agromart is the leading crop input supplier in the province, with expertise in seed, fertilizer, crop protection products, custom application, and agronomy services. “We are excited about this opportunity as Phillips is a business that very much compliments PEI Agromart,” shared Stephen. “John and his team at Phillips are very knowledgeable and respected in the agriculture industry in the province and we are excited to continue to serve current and future customers of the business.”
Confederation M&A is a team of highly experienced mergers & acquisitions advisors with offices in Charlottetown, Fredericton, Halifax and Ottawa. They are 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 view previous successes.