TORONTO – February 1, 2022 – MechCan Inc. (“MechCan”) is pleased to announce the acquisition of Hy-Mark Mechanical (“Hy-Mark”) with locations in Guelph and Owen Sound. Serving Guelph, the Waterloo region, Owen Sound and the surrounding areas since 2004, Hy-Mark is a local market leader offering a full range of heating, cooling, and plumbing services. This transaction is MechCan’s first 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.
“The capability of the Hy-Mark team and their reputation for high quality work is what made this
transaction attractive” said Spencer Ross, Co-Founder of MechCan. “We look forward to further backing
the Hy-Mark brand and supporting the team well into the future. We anticipate investing heavily in
Southern Ontario as we build out our Canadian mechanical services platform.”
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 Hy-Mark, visit www.hy-mark.ca
Media Contact: Spencer Ross, sr@mechcan.ca