Jim Deslaurier, Founder and Denis Staples, President of Deslaurier Custom Cabinets (DCC) announced today the sale of their ownership interest in the company and welcomed a number of new shareholders to the company. The new group of DCC shareholders includes:

• James Maxwell, Entrepreneur and CEO of Investment Partners Group
• Cyril Leeder, former President and co-founder of the Ottawa Senators
• Bernie Ashe, former CEO of OSEG and Kott Group
• Mike Deslaurier, son of company Founder Jim Deslaurier and DCC’s current Director of Operations
• Tyler Leeder, CPA and most recently of Deloitte’s Ottawa office

Denis will remain in place as President until the end of this calendar year, after which he will focus on family, community involvement and his aging father, one of the former shareholders in the company.

Jim Deslaurier will remain in place in his current role and has no plans to leave the company. Jim will play a key role in customer retention, product development and will be an advisor to the leadership team.

Mike Deslaurier, Director of Operations and Tyler Leeder, Director of Finance and Analytics are now Deslaurier shareholders and represent key pieces of management and shareholder succession.

Bernie Ashe has been appointed to the new role of Executive Chairman. Bernie will support Denis in his transition and Bernie will lead and mentor the Management team through this generational transition.

There is no change to how customers deal with Deslaurier. The Sales and Design team under Bob Gould and the Distribution Sales team under Harold Hazen are best in our industry and are now even more prepared to meet the needs of homebuilders, remodelers and kitchen design centres in Ontario and Quebec.

About Deslaurier Custom Cabinets:

Deslaurier specializes in creating custom cabinetry in harmony with today’s varied lifestyles. For more than 35 years, our team has provided exceptional quality products and design solutions tailored to the individual needs of our customers. We know cabinetry.

About James Maxwell & Cyril Leeder:

James was a successful entrepreneur in automotive distribution and currently is a professional investor in retail, corporate furniture sales, water management, financial management and land development. Cyril Leeder is a successful prominent Ottawa businessman who was one of the founders of the Ottawa Senators and served as their President and COO for more than 15 years. He has been active in the Ottawa business community for over 35 years.

About Bernie Ashe:

Bernie is an Ottawa businessman who was a successful CEO with three companies, AiT, KOTT Group and most recently Ottawa Sports and Entertainment Group (OSEG).