Fairfax Financial Holdings Ltd. is buying Andrew Peller Ltd., a Canadian success story that spans British Columbia, Ontario and Nova Scotia over several family generations. The offer puts an enterprise value of $579 million on the company.
“This agreement represents a compelling outcome for our shareholders, delivering immediate value and certainty while reflecting the strength of Andrew Peller’s portfolio and market position,” says Paul Dubkowski, CEO of Andrew Peller. “Importantly, we believe Fairfax is the right long-term partner for the Company. Their investment approach, financial strength and long-term orientation provide a strong foundation to continue building our business and supporting the ongoing growth of the Canadian wine industry. With more than 65 years of heritage, Andrew Peller has remained focused on quality and innovation, and we are confident that legacy will continue under Fairfax’s ownership.”
Chief executive officer Paul Dubkowski took over as CEO from John Peller in July 2024.
Dubkowski and chief financial officer Renee Cauchi are expected to remain in their current roles once the deal is complete in the third quarter of 2026.
Source : The Grower