FW advised Constellation Homebuilder Systems (“CHS”), a subsidiary of TSX-listed Constellation Software Inc., on its acquisition of Ibcos Holdings Limited (“Ibcos”). Ibcos is the parent company of Ibcos Computers Limited.
“Ibcos is the market leading provider of dealer management software for the Agricultural, Construction, and Horticultural Machinery Dealer vertical markets in the United Kingdom and Ireland. Ibcos will join Constellation’s Dealership Software Group which is comprised of several leading software products designed specifically for dealerships. With the addition of Ibcos, over 2,000 dealerships will use one or more of our software products to make their dealership more successful. “ said Dexter Salna, President of CHS.
“The acquisition of Ibcos helps extend the Dealership Group’s footprint into a new geography. We welcome the employees, customers and products into the Constellation family.” said Daniel Zinman, Vice President of Constellation’s Dealership Software Group.
Corporate partner Richie Clark led the FW team, principally assisted by corporate associate Sharon O’Donnell as well as tax associate Jaspal Pachu, real estate senior associate Rebecca Watkins and employment senior associate David Murphy. Lester Aldridge LLP acted for the sellers.
Richie Clark commented “We enjoyed working with the Constellation team on the transaction, which was notable as being the first UK acquisition by CHS and will strengthen its considerable offering in three important vertical markets.”