MechCan Inc. Announces Transaction with JD Swallow

TORONTO —August 16, 2023 – MechCan Inc. (“MechCan”) is pleased to announce its acquisition of JD
Swallow Heating and Cooling (“JDS”). Serving Ottawa, Ontario and surrounding areas for more than 50
years, JDS is well-known for the quality of its work designing, installing and servicing heating and air
conditioning systems. This marks MechCan’s fifth transaction since its launch in January 2022 and its
first in Eastern Ontario. MechCan was founded to enable owner-operators of HVAC, plumbing and
electrical contractors across Canada to realize the value in their business while preserving their legacy
and best positioning their business for sustainable growth.

“As a proudly Canadian company, MechCan is pleased to establish a presence in our nation’s capital and
expand our footprint across Ontario,” said Spencer Ross, Co-Founder of MechCan.“ JD Swallow Heating
and Cooling fits well in the MechCan family of brands because its team prioritizes customer satisfaction
above all else, evidenced by the Company’s hundreds of five-star reviews. MechCan is honoured that
Steve and Trudy Quinn have entrusted us to preserve the legacy of their family business.”
“Since my father-in-law, Don Swallow, started the business in the late 1960s, JD Swallow Heating and
Cooling has been proudly serving the Ottawa community, ensuring the comfort of thousands of Ottawa
homeowners and businesses,” said Steve Quinn, JDS’s Owner-Operator. “We decided to partner with
MechCan because it enabled us to realize the value of our business while ensuring that our customers
and employees would continue to be treated like family.”

JD Swallow Heating and Cooling will continue to operate under its local brand and retain its top-notch
team of technicians and support staff, who provide furnace and air conditioning installation, repairs and
maintenance to their local community. The Company’s certified tradespeople are available 24/7 to help
customers in case of an emergency. JDS also specializes in environmentally friendly solutions, like heat-
pumps, as well as indoor air quality, duct cleaning, and water heaters. To ensure a seamless transition,
Steve Quinn will remain with the business after closing as its CEO (Chief Encouragement Officer).

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, and electrical contractors 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

Residents of Ottawa, Nepean, Barrhaven, Kanata, Stittsville, Richmond, Carp, Dunrobin; Manotick,
Osgoode, Greely, Metcalfe, North Gower, Kemptville; Orleans, Cumberland, Rockland, Hammond,
Embrun, Casselman, Limoges, Vars and the surrounding areas can learn more about the services JD
Swallow offers in their community at:

For more information on services offered by MechCan’s family of brands, visit:
Media Contact: Spencer Ross,