MechCan Inc. Announces Transaction with B.R.’s Plumbing and Heating

TORONTO – May 25, 2022 – MechCan Inc. (“MechCan”) is pleased to announce a partnership with
B.R.’s Plumbing & Heating (“BR’s”), headquartered in Tillsonburg, Ontario. Serving Norfolk County,
Oxford County, Brant County and the surrounding areas since 1993, BR’s is a local market leader offering plumbing, heating, and air conditioning installation and services. This marks MechCan’s second transaction since its launch in January 2022. MechCan was founded to enable owner-operators of mechanical services companies across Canada to realize the value in their business while preserving their legacy and best positioning their business for sustainable growth.

“We are thrilled to partner with Bart and Judy Rietveld, who have built an exceptional company that is
well regarded in the community for the quality of its residential, commercial, and agricultural plumbing
and HVAC services” said Spencer Ross, Co-Founder of MechCan. “We are eager to work with them to
build on BR’s strengths and to support the brand well into the future. This is our second transaction in
Southern Ontario and we intend to continue investing heavily in the region as we build out our Canadian
mechanical services platform.”

“In the nearly 30 years since founding BR’s, our business and team has grown meaningfully,” said Bart
Rietveld, Founder and President of BR’s. “We are proud to offer top-notch plumbing, heating and
cooling services to Tillsonburg and the surrounding areas. We are confident that this partnership with
MechCan will foster our existing tight-nit, family culture and accelerate our growth.”

BR’s will continue to operate under its local brand and retain its high-quality team of technicians and
support staff with Bart Rietveld continuing to the lead the business as its President. Through this
transaction, Bart will remain a significant shareholder of BR’s and lend his decades of experience in the
industry to the MechCan team to help further the buildout of its mechanical services platform.
Portage M&A Advisory advised BR’s on the transaction.

About MechCan Inc.

MechCan is a proudly Canadian acquiror of and partner to mechanical services businesses nationwide.
MechCan provides upfront liquidity, ongoing cash distributions, and long-term alignment to
entrepreneurs and owners of HVAC, plumbing, controls, and other mechanical companies in return for
an economic stake in their business. Partner companies maintain their local brand and continue to
operate independently while benefitting from shared services and assistance with business operations.

For more information on MechCan, visit www.mechcan.ca

For more information on services offered by BR’s, visit www.brsplumbingandheating.ca

Media Contact: Spencer Ross, sr@mechcan.ca