Vancouver Island businesses, owned and operated from Vancouver Island. Forever.
Lab One Vancouver Island is a permanent home for exceptional Island businesses. We buy from owners ready to transition, keep headquarters on the Island, and hold for decades.
Vancouer Island Proof
Bottle Depot - our local platform
Footprint: 3 Victoria locations plus Sooke, Squamish, and Vancouver.
Active add-ons are expanding the networrk across Western Canada.
- Recent add-ons: Bottle Guys (Vancouver), Squamish Bottle Depot, Sooke Bottle Depot.
- What we seek: materials recovery facilities, waste collection, recyclable material wholesalers.
- Size guide: EBITDA C$500k+ for add-ons.
What We Buy
Business Profile
- Geography: Vancouver Island based on headquarters.
- Cash Flow: Between $750k – $4.0M (starting at $250k if in the recycling/waste industry).
At least a 3-year history within this range. - Industry: Industry agnostic except commodity-driven businesses & real estate.
- Ownership: Control preferred (51–100%). Minority or growth possible.
- Vendor Category: Founder or family-owned preferred, often closely held and seeking retirement or liquidity. Occasional carve-outs.
- Diversification: Stable earnings with a broad customer base (no single customer >20% of revenue).
We typically look for at least two of:
- Enduring moat (switching costs, strong brand, exclusivities)
- Healthy non-owner management layer
- Established niche expertise
- Regional leader in a fragmented market
- Recurring or highly predictable revenue
Whether owners are looking to fully exit or step into a new role, we are committed to being the purchaser of choice for retiring business owners in Western Canada.
Transaction Types
Legacy Buyout
Business owner seeking to transition ownership (100% sale) while preserving the team, culture, customer relationships, and community.
Legacy Transition
Business owner/operator contemplating a personal exit in the next 2-7 years and seeking to transition ownership (majority ownership over two separate sale steps) while preserving the team, culture, customer relationships, and community.
Growth Partnerships
Business owner/operator seeking a collaborative partner bringing either growth equity or partial liquidity (typically retaining 25-49%), but plan to stay actively involved and continue growing the business.
Add-on Acquisitions
Acting on behalf of Lab One’s particular platform company, seeking to identify horizontal M&A, vertical M&A, or other growth-focused expansion initiatives.
The Team
Taylor Love
